Hummer Prices in China Boom
26 Feb 2010, 13:51 UTC · By: Andrei Tutu / Just as the global recession isn’t a crisis for everyone, some failed deals actually bring success to certain parties: After Tengzhong’s failure to complete the Hummer acquisition, annou...
GM Could Save HUMMER, Two Other Bidders Emerge
26 Feb 2010, 09:19 UTC · By: Bogdan Popa / It seems like what happened to Saab happens to HUMMER as well, as the American iconic brand, which is set to be scrapped after a failed deal with Sichuan Tengzhong, might be saved by other suitors. ...
GM Scraps HUMMER Sale, Kills the Brand
25 Feb 2010, 07:37 UTC · By: Bogdan Popa / After months of negotiations and denial that HUMMER might be killed if the deal with Sichuan Tengzhong Heavy Industrial Machines Co. fails to go through, General Motors today confirmed that it will ...
Chinese Ministry of Commerce Has Not Rejected the Tengzhong-Hummer Deal
24 Feb 2010, 11:20 UTC · By: Andrei Tutu / Yesterday, we reported that Tengzhong, the Chinese company that intends to acquire Hummer from General Motors could try to perform the deal through Sichuan Tengzhong Heavy Industrial Machinery Co, a...
Tengzhong Still Struggling to Buy Hummer
23 Feb 2010, 10:28 UTC · By: Andrei Tutu / The Tengzhong - Hummer acquisition story has been going on for a while and, as you know, the Chinese company’s plan has not been received well by the Chinese authorities. Tengzhong could use a...
Tengzhong, GM Extend HUMMER Deadline
1 Feb 2010, 07:48 UTC · By: Bogdan Popa / Although everybody expected to see the HUMMER brand stepping under Chinese ownership by end-January, it didn't happen. And even if rumors that the deal might come to a dead end are emerging, th...
Hummer Production Stops on Monday
14 Jan 2010, 09:32 UTC · By: Daniel Patrascu / American manufacturer GM will reportedly close the line in its Shreveport, Louisiana plant, on which the Hummer is produced, on Monday, January 18, as it awaits the conclusion of the deal with the C...
Hummer-Tengzhong Deal Still Raises Eyebrows
13 Oct 2009, 08:30 UTC · By: Daniel Patrascu / The recently announced definitive agreement between American manufacturer GM and non-automotive Chinese company Tengzhong has reignited the dispute over whether this is the best solution possible fo...
Hummer Middle East Operations Unchanged
13 Oct 2009, 07:13 UTC · By: Bogdan Popa / General Motors and Tengzhong yesterday announced that the companies have entered into a definitive agreement to allow the Chinese carmaker to take over the Hummer brand. Obviously, this led to a num...
Tengzhong Wants Hummer Deal Over by 2010
12 Oct 2009, 10:45 UTC · By: Daniel Patrascu / Even if the final agreement between American manufacturer GM and Chinese company Tengzhong has been signed this week, the challenge is not over for neither of them. The painstaking buy of Hummer is ...
Hummer Sold to Tengzhong
12 Oct 2009, 06:31 UTC · By: Daniel Patrascu / The almost half-of-year long negotiations between American manufacturer GM and the Chinese Hummer suitor Tengzhong concluded this past weekend with the signing of a definitive agreement between the ...
Hummer Brand to Be Sold in Days
5 Oct 2009, 09:02 UTC · By: Bogdan Popa / Negotiations between General Motors and China's Sichuan Tengzhong Heavy Industrial Machinery continue and a final agreement is expected to be signed in a few days. The South China Morning Post ...
Hummer Looking for New HQ
23 Sep 2009, 13:36 UTC · By: Daniel Patrascu / With the sale of Tengzhong the brand still in the air, Hummer is now shopping for a new headquarter, for it to use as soon as it is spun off from GM. According to Hummer spokesman Nick Richards talk...
Tengzhong Wants Hummer, Despite Regulatory Rejection
8 Sep 2009, 09:19 UTC · By: Daniel Patrascu / The courtship between Chinese manufacturer Tengzhong and GM's last standing "bad asset," Hummer, continues, apparently without resolution. In the latest development, the Chinese said ...
Tengzhong-Hummer Deal Terms Leaked
27 Aug 2009, 07:58 UTC · By: Daniel Patrascu / With the signing of a final deal between American manufacturer GM and potential Hummer buyer Tengzhong rumored to be days away, the alleged terms of the future deal between the two sides have hit Ch...
Hummer Sale, Agreed This Week?
24 Aug 2009, 10:51 UTC · By: Daniel Patrascu / American manufacturer GM may get rid of yet another asset as soon as this week, as reports say the company together with Chinese buyer Sichuan Tengzhong Heavy Industrial Machinery may sign an agreem...
Tengzhong Establishes Hummer Division in Shanghai
18 Aug 2009, 09:30 UTC · By: Bogdan Popa / China's Sichuan Tengzhong Heavy Industrial Machinery Co. makes another step towards buying General Motors' Hummer brand by establishing a sales division in Shanghai. Furthermore, Tengzhong...
Tengzhong Submits Hummer Bid to Chinese Regulators
24 Jul 2009, 12:08 UTC · By: Bogdan Popa / Tengzhong continues the struggle for Hummer with a new step made forward. The company recently submitted its application for buying GM's brand to Chinese regulators, AFP reported today citing s...
Tengzhong Gets Informal Approval on Hummer
16 Jul 2009, 12:47 UTC · By: Daniel Patrascu / China's commerce ministry announced yesterday it is supportive of Tengzhong's bid for Hummer, thus putting an end to rumors claiming the deal will be dropped due to the Chinese government&...
Tengzhong Enters Talks With Chinese Regulators
29 Jun 2009, 12:54 UTC · By: Daniel Patrascu / This week will be decisive for both Hummer and its projected buyer, Chinese manufacturer Tengzhong Heavy Industrial Machinery. The latter will enter today formal talks with Chinese regulators, in an...