Search Results for: tengzhong

Chinese Regulator has Not Received Application for HUMMER Deal

On Tuesday, a spokesperson for China’s Ministry of Commerce said the agency had not yet received an application from Tengzhong to purchase HUMMER from GM. According to Reuters, Tengzhong has submitted the application to other government agencies, but not to Commerce. Last week the application was reviewed by the National …

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Obama’s Angering of Chinese Could Delay HUMMER Deal

If there’s one group that HUMMER could use on its side right now is the Chinese Ministry of Commerce (MoC) – the regulatory committee that deals with all inter-state trade issues, including the approval process for China’s Tengzhong to purchase HUMMER from GM. Last week, President Obama imposed new tariffs …

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Problematic Chinese Regulator Bows From Debate

The Chinese regulator that economists and business experts expected to put the brakes on Tengzhong’s bid to buy HUMMER have essentially bowed out of the debate Thursday. The Chinese National Development and Reform Commission sent Tengzhong’s application back earlier this week for more details, a move which many in the …

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Chinese HUMMER Approval Process Gets Confusing

The details are sketchy at best, but we’re trying to keep you as up to date as possible. Yesterday Reuters reported that China’s Ministry of Commerce had returned Tengzhong’s application to purchase HUMMER from GM. Later yesterday, we learned that the application just needed clarification and the approval process was …

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HUMMER CEO Responds to Enthusiast Questions

We had a terrific response to our first “Ask Jim” segment, in which readers got to submit their questions to HUMMER’s CEO Jim Taylor. Jim was a little tied up with negotiations last week, but was able to respond to the queries this week. He addressed concerns about diesel models …

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Chinese HUMMER Deal Reportedly Hits Regulatory Setback

The Chinese Ministry of Commerce (MOC), which giggles at the mere thought of a “Labor Day,” is reportedly hard at work this Monday and isn’t pleased with the plan for Tengzhong to purchase HUMMER from General Motors. Reuters is reporting that the MOC has already returned the application because it …

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Contents of HUMMER Deal Leaked Online, H4 Coming by 2012?

We don’t speak or read much Chinese, but luckily for us, other news sites have already translated 163.com’s report that outlines the terms of Tengzhong’s purchase of HUMMER from GM, and mentions production of the new H4. Here is what has been disclosed via “exclusive sources:” 1. Tengzhong will buy …

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GM Finalizing HUMMER Sale This Week?

General Motors could be ready to sign off on the sale of HUMMER this week, according to Bloomberg, citing two people familiar with the negotiations. While it seems a bit premature, GM and Tengzhong could be finalizing the details in order to submit it to both Chinese and American regulatory …

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HUMMER Bidder Nabs Chery Auto VP

Sichuan Tengzhong, the company with a tentative agreement to purchase HUMMER from GM, has reportedly nabbed a top executive from Chery Auto to direct the proposed Shanghai division of HUMMER according to reports out of China. The details of brand purchase are still being worked out, but it looks like …

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Newsweek: Chinese Fear Failure with HUMMER. Really?

Newsweek is reporting Monday that Chinese officials are merely using their environmental concerns as a public excuse to not support Tengzhong’s bid for the HUMMER brand, while their real fear is international embarrassment if the brand fails. To be clear, there has been no official statement from either of the …

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