Tengzhong
Report: Hummer Sale to China’s Tengzhong to Be Finalized Next Week
General Motors’ sale of its Hummer brand to China’s Tengzhong may be completed within a week. The two companies have been working on a deal for Hummer since June, and an unnamed source said to be the discussions said a deal is imminent. “Tengzhong executives have been traveling between the U.S. and China in the…
Chinese Government to Block Sale of Hummer
According to a report on Chinese state radio, the sale of Hummer by General Motors to heavy-equipment manufacturer Tengzhong will not go ahead. The report on China National Radio states that Tengzhong’s acquisition of Hummer goes against the government’s efforts to reduce pollution by manufacturing companies in China. Tengzhong released a statement in response to…
Hummer H4 And Alternative Energy Hummers Coming
In an interview with Hummer CEO Jim Taylor, The Detroit Bureau found out plenty about the company’s future plans under it’s new owner, Chinese heavy machinery maker Tengzhong. In the short term Taylor says that the Hummer H3S will be built in a GM facility in Shreveport alongside the Chevy Colorado and GMC Canyon. Looking…
Hummer Buyer Identified as Chinese Heavy Machinery Maker Tengzhong
Earlier today we reported that GM had reached a tentative deal to sell off the Hummer brand to an unnamed party. That company has now been identified as Chinese heavy machinery maker Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd. – or just Tengzhong for short. Tengzhong will take control of the Hummer brand including the…
