Sichuan Tengzhon
Hummer Deal Falls Though; GM Announces Brand Wind-Down
Just a day after announcing the successful sale of Saab, General Motors today announced that a deal to sell its Hummer unit of SUVs has fallen through. GM has been negotiating with Sichuan Tengzhong Heavy Industrial Machines Co., Ltd., but today announced in a statement that the Chinese heavy machinery maker was, “unable to complete…
Report: Hummer Planning H4 to Rival Jeep Wrangler
Under new ownership by Chinese heavy machinery maker Sichuan Tengzhong, Hummer will move forward with plans to introduce a smaller and more efficient H4 model. Previewed in concept form as the HX (above), the H4 would be lighter and more fuel-conscious, but wouldn’t give up on the brand’s hard-core attitude. It would be designed as…
Breaking: GM Sells Hummer to China’s Sichuan Tengzhong
General Motors has sold its Hummer brand of SUVs to Chinese heavy industrial machinery builder Sichuan Tengzhon. No details have been released but the sale was reportedly made for a sum of just $150 million. GM CEO Fritz Henderson had estimated in documents filed during GM’s bankruptcy proceedings that the brand could be worth as…
