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 …

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 …

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 …

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 …

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 …

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 …