While it hasn’t been made official by General Motors, there have been rumors swirling for days, and now GM and China’s Tengzhong have reached a definitive agreement according to The Washington Post. According to the article, GM is expected to make the announcement later today. The two companies have been …

General Motors and China’s Tengzhong are expected to reach definitive agreements this week according to those familiar with the matter (We think Bloomberg may have been a week off!). Once the agreements are finalized, all negotiations will cease and the deal will be submitted to regulatory bodies in the United …

Both HUMMER and Tengzhong have been pretty quiet in the last few weeks regarding the brand sale, but Tengzhong has announced they will keep the worldwide dealer network that is currently in place, and that they hope to have the deal wrapped up by the end of September. “There will …

Tengzhong announced Wednesday that it will establish an off-shore special purpose entity (SPE) to facilitate the purchase of HUMMER. Without getting TOO technical or confusing, an SPE is typically set up by a company to separate the “sponsor” company (in this case Tengzhong) from another venture, thus reducing financial risk …

American HUMMER enthusiasts concerned about production being moved to China can rest a little easier tonight, knowing that the brand’s proposed new owner, Tengzhong, has no plans for a HUMMER plant in China. According to the conditions of the deal, production of HUMMER models would be contracted to General Motors …

According to GM, it’s likely that Tengzhong will arrange for long-term contract assembly of HUMMER vehicles by General Motors. Currently, this includes HUMMER H3 and H3T production in Shreveport, LA – which is set to get a boost when it takes over world-wide production – and HUMMER H2 production which …

GM just announced that Tengzhong, a company based in Sichuan, China, is currently in advanced talks to purchase HUMMER, confirming earlier reports. Complete release below.

General Motors reportedly had two credible offers from American company Raser Technologies to purchase the HUMMER brand prior to its decision to shut down the brand completely. One before GM decided to proceed with a deal to China’s Tengzhong and one after that deal fell apart. While neither anyone at …

At least four Chinese companies were contacted by General Motors just days after their announcement in February to sell the HUMMER brand, according to Reuters. All four had been in discussions on the HUMMER brand previously, but only two were interested in the entire brand – the other two were …

GM is not currently in active talks with any buyers for the HUMMER brand according to Tim Lee, GM’s president of international operations said Thursday in Shanghai. “If we have something to be talking about positively with Hummer, believe me we’d be talking about it,” said Lee. Lee indicated that …

“I call it very fast speed dating. We have to look at each other, see if we like each other and then get it done very quickly,” HUMMER CEO Jim Taylor told Automotive News regarding their search to find a buyer for the brand. The original plan to sell HUMMER …