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Chinese Regulators Debate HUMMER Deal

Two Chinese regulators are at odds with each other on the approval process for Tengzhong’s approval to purchase HUMMER from General Motors, according to Reuters. One regulator is the Ministry of Commerce (Mofcom) who seemed initially supportive of the deal saying that the bid was, “normal behavior for a company …

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GM CEO Says HUMMER Deal “Can Get Done”

In a press conference Friday, GM CEO Fritz Henderson responded to questions about the sale of HUMMER to Sichuan Tengzhong. “The purchaser for Hummer is going through the approval processes in China,” Henderson said. “We’re cooperating with them. The purchaser is professional, well-advised and has done a huge amount of …

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GM Emerges from Bankruptcy, HUMMER Assets Held by New GM

General Motors emerged from bankruptcy Friday morning, namely by separating itself into two companies. The ‘new GM’ is currently being called Vehicle Acquisition Company, but will later turn into General Motors Company and include four core brands: Cadillac, Buick, Chevy, and GMC. In addition to the core brands, the new …

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Three Reasons Chinese Government Will Support HUMMER Deal

The Wall Street Journal recently ran an article called, the “Three Reasons Chinese Government May Not Support HUMMER Deal,” including reasons like reducing China’s carbon footprint and Tengzhong’s experience in the market. We’ve decided to counter that, with three reasons why the Chinese Government would want to support the HUMMER …

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HUMMER Deal Ongoing Despite Chinese Radio Rumors

Despite speculation that the Chinese Government is blocking the sale of HUMMER to Sichuan Tengzhong, a company spokesperson says that the deal is still progressing. “We do not yet have a definitive agreement, but are developing our proposals with GM and Hummer and we will continue to engage with the …

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Shreveport HUMMER Plant to Close by 2012

GM’s Shreveport plant which currently assembles the HUMMER H3 and H3T is expected to shut down by 2012. The plant also assembles the Chevy Colorado and the GMC Canyon pickup trucks, and according to the UAW and the Associated Press, that plant “is not going to be part of the …

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HUMMER HX, H3T Appear in New Transformers Movie

Thanks to the folks at Chevy, we got a sneak peek at the new Transformers movie that will open at midnight tonight. No screen caps of new models here – the theater had three ushers watching the crowd – one of them with a night vision device (seriously??). Anyway, if …

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HUMMER Considering Music City Move

Once the HUMMER brand is independent from General Motors, it’s possible they may move headquarters from the Motor City to the Music City. In a recent interview with Bloomberg, HUMMER’s CEO Jim Taylor said possible locations for headquarters include Detroit and areas around Nashville, TN, “where other automotive manufacturers have …

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HUMMERGuy.net Goes to Transformers: Revenge of the Fallen

Tonight we’ll get a sneak peek at the newest Transformers movie due out tomorrow – and luckily we don’t have to wait until midnight! The crew at Chevy invited us out, and while we’re excited to see the new 2010 Camaro in person (wonder if they’ll let us drive it???), …

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