On Tuesday it was reported that two of China’s regulators, the Ministry of Commerce and the National Development and Reform Commission (NRDC), had opposing opinions regarding Tengzhong’s bid to purchase the HUMMER brand from GM. According to Reuters, a ministry spokesperson played down those reports Wednesday. “The commerce ministry and …

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 …

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 …

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 …

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 …

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 …

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 …

Since there’s no such thing as a one-stop-shop in Hollywood for movie-making, producers often put together teams tailored to a film’s specific production needs. According to Automotive News, if a sale of HUMMER is completed, CEO Jim Taylor will approach business in a similar way by keeping his main staff …

Neuromarketing thinks the reason Tengzhong is seeking to buy HUMMER from GM is to give global brand recognition to the products of the little-known industrial equipment maker. From HUMMER – All About Branding: What better way to leverage this powerful brand image than to extend it to a broader line …

One notable element of the news story from Gasgoo about the construction of a HUMMER production line in China was that it also put a value on what Sichuan Tengzhong Heavy Industrial Machinery Company paid for the HUMMER brand: 550 million yuan, or $80.5 million in US dollars. While often …

Contrary to early reports that there were no plans to build HUMMER vehicles in China, a new report indicates that a production line will be set up in Chengdu. Sichuan Tengzhong Heavy Industrial Machinery Co, a machinery company based in western China, will spend 550 million yuan (US$80.5 million) to …