Now that GM and Tengzhong have signed definitive agreements to transfer the HUMMER brand to the Chinese company, production of 2010 HUMMER H3 and H3T models destined for the U.S. is expected to begin in November. The news comes as many dealers have been extremely low on inventory, and some …

Now that Tengzhong has reached a definitive agreement to purchase the HUMMER brand from General Motors, plans for the brand’s future are coming to light including more fuel-efficient technology and renewable fuel models. “Tengzhong has been aware of the importance of energy-efficient vehicles,” said Yang Yi, CEO of Tengzhong, in …

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 …

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 …

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 …

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 …

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 …

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 announced today that it could not come to an agreement with Penske Automotive Group to unload their Saturn brand, and without an agreement, the Saturn brand will be shut down. Since Penske doesn’t have a manufacturing background, after short-term manufacturing contract with GM expired they would have to find …

GM had expected to close the sale of HUMMER to Tengzhong by the end of September, and those familiar with the matter say that meeting that self-imposed goal is “looking less likely.” According to those sources, GM may have been “overly optimistic” given all the deals GM is currently trying …

South Carolina, Tennessee, and Michigan were all in the running for the location of HUMMER new global headquarters and today it will be announced that HUMMER will create their global headquarters in Southeast Michigan. To sweeten the deal, the state of Michigan offered the automaker a state tax credit of …