Search Results | 'tengzhong'

GM Evaluating Two New Offers for HUMMER Brand

Thursday, February 25, 2010

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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 submitted offers, but had originally […]

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HUMMER: It’s Not Over Yet

Wednesday, February 24, 2010

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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 be similar to SAAB’s. We […]

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General Motors Announces Wind-Down of HUMMER Brand

Wednesday, February 24, 2010

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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 and Cadillac going forward. We […]

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Financing, Regulatory Obstacles Surface in HUMMER Deal

Tuesday, February 23, 2010

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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 from any government or party […]

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Deadline Extended for Completion of HUMMER Sale

Sunday, January 31, 2010

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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 was set to expire on […]

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HUMMER Brand Sale On Track & Stage 10 Dakar Update

Tuesday, January 12, 2010

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While we’ve been spending most of our time covering Team HUMMER and Robby Gordon’s trek at the Dakar race, we haven’t brought you much in regards to General Motor’s plans to unload the HUMMER brand to China’s Sichuan Tengzhong – mainly because there haven’t been any updates other than GM’s CEO Ed Whitacre making a […]

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Chinese HUMMER Production Possible with SAIC

Tuesday, December 29, 2009

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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. HUMMER has long term plans […]

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Ask Jim

Sunday, December 27, 2009

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“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 questions about HUMMER’s off-road heritage […]

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HUMMER’s Asset Breakdown

Monday, December 21, 2009

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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 between the two companies, we […]

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GM to Shut Down SAAB, HUMMER Becomes Last Brand Liquidation Hopeful

Friday, December 18, 2009

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GM to Shut Down SAAB, HUMMER Becomes Last Brand Liquidation Hopeful

Reducing the number of total brands offered was one of the key components in General Motors’ restructuring plan announced earlier this year. Pontiac was to be shut down, and Saturn, Saab, and HUMMER were to be sold or shut down. GM announced today that Saab would be shut down, leaving HUMMER as the only brand […]

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Ask Jim Part 3: New HUMMER Brand Ownership

Wednesday, December 16, 2009

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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 company overseas. In part three […]

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