Despite reports earlier this week that General Motors is to wind down the Hummer brand after the sale to a Chinese buyer fell through (see article), rumours are abound that GM is now approaching previous bidders.
According to a report in Asia One, GM has reached out to companies whose offers for the SUV line were [...]
General Motors is planning to wind down its Hummer operations after the sale of the sports utility brand to a Chinese buyer fell through.
The deal collapsed as Chinese heavy machinery company, Tengzhong, said it was “unable to obtain clearance of the transaction from the Chinese regulators within the proposed deal timeframe”.
John Smith GM vice president [...]
Once a staple of the General Motors (GM) company and an almost iconic symbol of gas guzzling America, the HUMMER brand will soon be under Chinese ownership.
GM and Sichaun Tengzhong Heavy Industrial Machinery Company have reached a definitive agreement allowing Tengzhong to acquire the HUMMER brand. It intends to take an 80 per cent stake [...]
We covered yesterday the news that GM is locked in talks with a mystery buyer for their off-road brand HUMMER. Today it has been announced that Chinese engineering company Sichuan Tengzhong Heavy Industrial Machinery Co. ltd is the mystery buyer of the brand, although no deal has yet been finalised.
Tengzhong hope to acquire not only [...]
Somewhat lost in the wash of the news coming out of the US about a “new GM” and GM Europe being sold to Canadian firm Magna is news that all lovers of the large, off-road, gas-guzzling monsters will rejoice in – HUMMER has a buyer!
Although no deal has yet been signed, both parties have entered [...]
General Motors are considering selling its Hummer brand and launching an electric car as it becomes the latest car manufacturer to admit it is struggling with the changes that are occurring in the industry due to high oil prices. GM, who is behind the Vauxhall marque in the UK, intends to focus its business on [...]
Hummer has improved its public image by donating a specially equipped Hummer H3 to Mountain Rescue teams in the UK. The volunteer organisation, celebrating its 75th anniversary, will receive a powered-up version of the H3 complete with extra body protection and additional spot lights. The Land Rover Defender currently makes up a large part of the [...]