Hummerpedia.org » RC hummer http://www.hummerpedia.org Just another WordPress weblog Wed, 07 Sep 2011 14:23:39 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Hummer/Tengzhong Deal to Close in Q3 http://www.hummerpedia.org/hummertengzhong-deal-to-close-in-q3 http://www.hummerpedia.org/hummertengzhong-deal-to-close-in-q3#comments Mon, 24 Aug 2009 20:21:28 +0000 admin http://www.hummerpedia.org/?p=158 A deal between Tengzhong, a Chinese automotive company, and Hummer/GM should close before the end of 2009, sources say. If so, we recommend branding all new vehicles the “Hong-Hummer” – solely for comedic purposes. When rumors of this deal began months ago, the Chinese gov’t gave a firm NO on any type of GM-Hummer-Hong deal. Well, it looks like the tables have turned…wait that’s not the correct expression. But now it looks like Tengzhong has authority to purchase Hummer outright.

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The Chinese commerce ministry will be overseeing approval of the purchase – the deal is expected to close with a final price of $200 Million, less than half of what GM wanted. These days, guess you have to take what you can get.

(via: autoblog)

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