Archive | October, 2009

Official: GM Signs Definitive Agreement to Sell HUMMER

9. October 2009

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Official: GM Signs Definitive Agreement to Sell HUMMER

We now have official word that General Motors and China’s Tengzhong have signed definitive agreements to transfer ownership of the HUMMER brand (complete release below). “The investment from Tengzhong in Hummer will give the company the capital it needs to create new products and focus on the brand in a manner that it deserves,” HUMMER’s […]

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GM, Tengzhong Reach Agreement to Sell HUMMER

9. October 2009

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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 in discussions ever since their […]

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GM to Sell HUMMER for around $150 Million

8. October 2009

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General Motors is expected to get around $150 Million for its HUMMER brand from Sichuan Tengzhong, a Chinese company that it’s been in negotiations with for several months. While it is a far cry from $500 million, the figure that GM had placed on the brand in bankruptcy court, Tengzhong will also accept many of […]

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Ex HUMMER Chief Replacing GM’s LaNeve

8. October 2009

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Ex HUMMER Chief Replacing GM’s LaNeve

GM announced Tuesday that its top U.S. sales executive, Mark LaNeve would be stepping down in the coming weeks. About eight hours later came news that replacing LaNeve would be Susan Docherty, who was HUMMER’s General Manager during the launch of the H3. LaNeve has accepted a position outside the automotive industry, but exactly where […]

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CEO Says HUMMER Deal is On Track

7. October 2009

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HUMMER’s CEO Jim Taylor confirmed that the deal to sell the off-road brand to China’s Tengzhong is on track and that discussions are continuing. “The parties have been in frequent discussions working closely to finalize a definitive agreement,” Taylor told Bloomberg in an emailed statement. “Talks are on track. It would be inappropriate to comment […]

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HUMMER Golf Cart Takes Customization to New Level

5. October 2009

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HUMMER Golf Cart Takes Customization to New Level

The crew at Bad Ass Golf Carts may have outdone themselves this time. You may remember them as the builders of the two $38,000 golf carts we featured on the site a while ago (first here, second here). Now they have exceeded that amount with a customized HUMMER golf cart that will run you a […]

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Report: HUMMER Sale Complete in Days

3. October 2009

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Executives from Tengzhong are reportedly in Detroit this weekend and could come to an agreement to purchase HUMMER from GM within days according to a report in the South China Morning Post and republished by Reuters. We’ve seen claims like this in the past from Bloomberg and Reuters, so while we’re not taking this news […]

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GM Redoubling Efforts to Finalize HUMMER Deal by Year End

2. October 2009

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GM will be redoubling its efforts to finalize the sale of its HUMMER brand to Chinese company Tengzhong by the end of the year, according to the company’s treasurer. The announcement comes on the heels of Penske Automotive’s decision to pull the plug on its plan to purchase Saturn from GM, leaving the automaker no […]

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HUMMERGuy.net Project Truck gets iPod/iPhone Connectivity

1. October 2009

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HUMMERGuy.net Project Truck gets iPod/iPhone Connectivity

Ever since the H3 came out in 2005, customers have been asking for a way to connect their iPod directly to their trucks. General Motors heard the demands and answered with the “Personal Audio Link” (PAL), which is a direct, wired link from your iPod or iPhone directly to the H3’s factory radio. FM modulators […]

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