HUMMER - egmCarTech (2)

Tengzhong to complete Hummer purchase by 3rd quarter, GM wants Saab dealers to sign new agreement

Posted: Jun 15, 2009

Filed under: GM, HUMMER, Industry News, Saab

Sichuan Tengzhong Heavy Industrial Machinery, the winning bidder for GM’s Hummer brand said that it expects the deal to be completed by October 2009.
The company’s general manager Yang Yi, said that Tengzhong has no plans to transfer Hummer equipment and technology to China from the United States. He said that the company also has no plans [...]

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Think H4 Size: Hummer to go smaller and greener in the future

Posted: Jun 04, 2009

Filed under: GM, HUMMER

So now that HUMMER is going to be owned by a Chinese company, Sichuan Tengzhong Heavy Industrial Machinery Co., what type of vehicles are we going to see in the future? The folks over at The Detroit Bureau recently sat down with Hummer’s boss Jim Taylor to discuss just that and much more.
According to Taylor, Hummer is [...]

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GM confirms talking to Chinese firm Tengzhong to sell Hummer

Posted: Jun 02, 2009

Filed under: GM, HUMMER, Industry News

Turns out reports of GM selling Hummer to Chinese buyer Sichuan Tengzhong Heavy Industrial Machinery Co., are true.
The automaker has just released a press release stating that talks about the proposed transaction have advanced.
“Tengzhong, a major industrial machinery group, will acquire the rights to the premium off-road HUMMER brand, along with a senior management and operational [...]

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Report: GM selling Hummer brand to Chinese buyer

Posted: Jun 02, 2009

Filed under: GM, HUMMER, Industry News

Earlier this morning, GM announced that it has reached a tentative deal to sell its Hummer brand; however, it declined to name the buyer or the vale of the deal.
GM CFO Ray Young said the buyer for Hummer, after a year-long sale process, preferred to remain anonymous for now.
“It was their preference, and we respected [...]

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GM’s Hummer has a buyer, investor expected to aggressively fund future vehicles

Posted: Jun 02, 2009

Filed under: GM, HUMMER, Industry News

GM announced today that it has entered into a MOU with a buyer for Hummer, which it declined to name.
“The sale is expected to close by the end of third quarter of this year and is subject to customary closing conditions, including receipt of applicable regulatory approvals,” GM said in a statement.
The deal is expected [...]

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Seriously? Weather.com Earth Day coverage, sponsored by Hummer

Posted: Apr 23, 2009

Filed under: GM, HUMMER, Industry News

We love the American auto industry, and we’ve been awfully kind in not making fun of GM and Chrysler since most of that is done by the traditional media. However, with something like this – they are just asking for it.
So go ahead, use this post and polk your fun at General Motors. Whoever thought [...]

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GM postpones its decision on the future of Hummer

Posted: Mar 30, 2009

Filed under: GM, HUMMER, Industry News

Going into the 11th month of uncertainty over Hummer’s future, General Motors said today that it is postponing a decision on its Hummer brand for “a few weeks” as it works out details to complete a sale, reports Automotive News.
“Our efforts to sell Hummer are proceeding, and there are several parties interested — and I [...]

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Report: GM has two potential buyers for Hummer

Posted: Feb 12, 2009

Filed under: GM, HUMMER, Saab

Just days before General Motors heads to Washington, D.C. to present its updated restructuring plan to the U.S. Department of Treasury, ’sources’ have reported that the automaker is talks with two potential buyers of the Hummer brand.
Insiders familiar with the matter say that the two buyers include a private-equity firm and a Chinese company. No [...]

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What economic crisis? Hummer H2 Convertible spotted in Abu Dhabi

Posted: Feb 02, 2009

Filed under: HUMMER

It seems like everyone in Abu Dhabi and Dubai is unaffected by the economic crisis. This seven-passenger Hummer H2 Convertible was spotted hanging out and Abu Dhabi showing us nothing is impossible for the rich Sheikhs.
Besides a custom paint-job and the red leather seats, this Hummer H2 Convertible features an aftermarket fiberglass hood scoop with [...]

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GM to show Treasury viability by Feb. 17, has no idea what to do with Hummer, Saab, Saturn

Posted: Feb 02, 2009

Filed under: GM, HUMMER, Industry News, Saab, Saturn

General Motors has to submit a detailed plan to the U.S. Department of Treasury by Feb. 17 to show how it will become viable. As the clock winds down, GM has no idea what it wants to do with its losing brands, Saturn, Saab and Hummer.
Sources say that with President Barack Obama still selecting his team of [...]