Search Results for: tengzhong

GM Evaluating Two New Offers for HUMMER Brand

Just a day after announcing that their plan to sell the HUMMER brand to a Chinese company fell through, GM is reviewing two additional offers from the original pool of suitors. The Wall Street Journal is quoting sources familiar with the matter as saying the two latest suitors have previously …

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HUMMER: It’s Not Over Yet

GM announced Wednesday their plans to wind down the HUMMER brand after a failed attempt to unload the brand to a Chinese company – but for those quick to jump on the “R.I.P HUMMER” band wagon, here are a couple things to consider. First, HUMMER’s wind-down process is going to …

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General Motors Announces Wind-Down of HUMMER Brand

After an unsuccessful attempt to sell the HUMMER brand to China’s Sichuan Tengzhong, General Motors announced today that it will begin an “orderly wind-down of HUMMER operations.” “One year ago, General Motors announced that we were going to divest HUMMER as part of focusing our efforts on Chevrolet, Buick, GMC …

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Financing, Regulatory Obstacles Surface in HUMMER Deal

(Updated 12:02 ET — Bloomberg is now reporting that GM has “failed to win approval from Chinese regulators to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co.” At this point as the news is breaking, we think its important to note that we’ve heard no official word …

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Deadline Extended for Completion of HUMMER Sale

General Motors had hoped it could unload its HUMMER brand to China’s Sichuan Tengzhong by the end of January, but as the month came to a close today the two decided to extend the deadline until the end of February. The definitive agreement between the two companies signed last year …

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Chinese HUMMER Production Possible with SAIC

Reports this morning are saying that Tengzhong, the company currently trying to purchase HUMMER from General Motors, may team up with Shanghai Automotive Industry Corp (SAIC) to produce HUMMER branded vehicles in China. HUMMER’s CEO noted recently that the company is considering production in China, but primarily for in-country distribution. …

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Ask Jim

“Ask Jim” was a recurring feature that allowed HummerGuy.net readers to submit questions to be answered by HUMMER’s CEO, Jim Taylor toward the end of the brand’s run. Below you will find the the most recent segments from the Ask Jim feature. Ask Jim (December 18, 2009) – Jim answers …

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HUMMER’s Asset Breakdown

As the regulatory approval process continues for General Motors’ sale of the HUMMER brand to China’s Sichuan Tengzhong, some are wondering what company property and assets will be owned by the HUMMER brand once it is independent from General Motors. While we don’t know the details of the definitive agreement …

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Ask Jim Part 3: New HUMMER Brand Ownership

When the HUMMER brand becomes independent from GM, it will also be getting a new parent company in China’s Sichuan Tengzhong . While the new ownership will essentially allow HUMMER to operate as an independent U.S. company making its own decisions, some may still be uneasy about having the parent …

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