Shanghai, October 15 (Gasgoo.com) China's commerce ministry has not yet received an application from heavy machinery maker Tengzhong for the acquisition of the Hummer brand from General Motors, media reported today, citing an official.
BEIJING, Oct 15 - China's Ministry of Commerce has not yet received an application from Sichuan Tengzhong Heavy Industrial Machinery to buy General Motors' Hummer brand, ministry spokesman Yao Jian told a regular news conference...
Shanghai, October 13 (Gasgoo.com) General Motors CEO Fritz Henderson said today that his ongoing trip to China doesn't include talking to Chinese regulators about a deal to sell GM's Hummer brand to Chinese machinery maker Tengzhong, Reuters reported.
Shanghai, October 12 (Gasgoo.com) China's Sichuan Tengzhong Heavy Industrial Machinery said on Monday that it expects its purchase of General Motors Co's Hummer to get approval from Chinese authorities by the end of this year or early next year.
* China's Tengzhong seeks approval for Hummer buy * Seeks to close deal by end 2009 or early 2010 * Exploring China production base aimed at domestic market * Ministry says yet to receive applications...
U.S.-based auto giant General Motors Corp signed a definitive agreement on Friday to sell its Hummer brand to China's heavy machinery equipment maker Sichuan Tengzhong Heavy Industrial Machinery Co Ltd, the official Xinhua News Agency reported.Under the terms of the agreement, GM will sell the...
SHANGHAI, Oct 12 - China's Sichuan Tengzhong Heavy Industrial Machinery said on Monday it was talking with regulators following its agreement to purchase General Motors Co's Hummer business. A Tengzhong spokeswoman added that the deal...
It's been in the works for some time and now it's finally official. According to Reuters, General Motors has signed a definitive agreement to sell its Hummer brand to China's Sichuan Tengzhong Heavy Industrial Machinery, with Tengzhong taking an 80 percent stake and a private investor consuming the rest.
By Cong Mu Hummer will commit to its target of becoming the first automaker to offer alternative fuel powertrains across its entire vehicle lineup after its pending sale to Tengzhong. Analysts still have mixed views on how well the green Hummer will play in China. Sichuan Tengzhong Heavy Industri...
Sichuan Tengzhong Heavy Industrial Machinery reached an agreement to buy General Motor's Hummer business for about $150 million late yesterday, the Washington Post reported, citing an unidentified source close to the deal. GM had not yet made an official announcement by the time the Global Times ...