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Gm And Tengzhong - definitive agreement for sale of Hummer


General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong), today announced that the companies have entered into a definitive agreement that will allow Tengzhong to acquire GM’s premium all-terrain HUMMER brand. Under the terms of the definitive agreement, the buyer will acquire the ownership of the HUMMER brand, trademark and tradenames, as well as specific IP license ...
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More Hummer articles

GM aims to finalize Tengzhong-Hummer deal by year end
General Motors, having already lost its Penske-Saturn deal, is not interested in losing their Tengzhong-Hummer deal as well. With Penske Automotive unable to secure a proper future for the Saturn brand ...
Tengzhong clears another obstacle to buy Hummer
Tengzhong has cleared one more obstacle after report came out that China's Ministry of Commerce had approved its plan for Hummer last Friday. The unidentified official told the newspaper that "we ...
Tengzhong deal won’t affect Hummer sales network
China's Tengzhong will maintain Hummer's auto dealership network if it succeeds in purchasing the U.S. brand, amid growing sentiment that it may complete the controversial deal. "There will be no change ...
Russians love Hummer, sales up 111% in May
According to Automotive News, Hummer was the only brand in Russia to post a month-on-month sales increase for the month of May, with sales rising 111.5 percent, which amounts to ...
Hummer CEO: Tengzhong to give cash only
Hummer CEO Jim Taylor said yesterday that he expects Sichuan Tengzhong Heavy Industrial Machinery Co. only to be an investor and not to get much involved in Hummer's daily management ...
Tengzhong: Hummer deal to be inked in Q3
Sichuan Tengzhong Heavy Industrial Machinery, the surprise bidder for General Motors Corp's Hummer brand, said on Sunday the deal should be concluded in the coming quarter. Little-known Tengzhong, which emerged earlier ...
GM sells Hummer to China’s Tengzhong
General Motors has reached a preliminary agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co, a machinery company based in western China, according to media reports ...
Wood Wagon Wheels on Hummer H3.
Well first time when I saw this I was wondering: what sound makes when is driven? And … how is dealing with the police! ? Personally, I had ...
Tata or Mahindra to buy HUMMER?
Casualties of war, a name given to those left behind in battle, nowadays referring more to innocent bystanders than combat soldiers. In these times of war against emissions, carbon dioxide ...



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