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GM CEO Satisfied with HUMMER Terms of Sale

General Motors CEO Fritz Henderson says that he’s “satisfied” with the definitive agreement they made with Sichuan Tengzhong to unload the HUMMER brand. China Daily asked Henderson what if he was pleased with the terms of the deal which had been rumored to be around $150 Million. This was his …

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U.S. 2010 HUMMER H3, H3T Production Expected Soon

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 …

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Shreveport Mayor Travels to China for HUMMER Networking

With Shreveport, Louisiana’s GM plant scheduled to be shut down by 2012, Mayor Cedric Glover is in China this week to tout the benefits of keeping HUMMER production in his town in the long-term. Doing so would retain jobs in Shreveport, and also keep the large, limited-use facility humming for …

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Development of Green HUMMER Models Underway

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 …

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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 …

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GM, Tengzhong Reach Agreement to Sell HUMMER

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 …

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GM to Sell HUMMER for around $150 Million

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 …

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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 …

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CEO Says HUMMER Deal is On Track

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 …

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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 …

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