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GM sells HUMMER to Tengzhong for $150M, what happens to the vitriol?

Tengzhong's plan to make a green Hummer can now officially move forward. GM and the China's Sichuan Tengzhong Heavy Industrial Machinery company announced today that a deal to sell off the brand is complete. For $150 million, Tengzhong will take an 80 percent stake, a private investor will get the rest, and GM is rid of one of the most controversial automobile brands ever. Sort of, the deal is set up so that Tengzhong will contract vehicle manufacturing from GM through at least June 2011. U.S. and Chinese regulators still need to approve ... Read more →

Is selling HUMMER the morally correct thing to do? [w/POLL] Sebastian Blanco

GM's potential sale of HUMMER to Tengzhong is probably good news for those interested in seeing the company return to independent and profitable status as quickly as possible (and also Rush ...

Xinhua: Hummer is "an exaggerated and extreme example of a disregard for the environment" Jeremy Korzeniewski

General Motors' HUMMER division has long been the whipping boy of the environmental movement, and now even the Chinese government seems to be getting in on the act. Quoting Richard Wottrich, ...

GM in talks to sell HUMMER to Chinese company Tengzhong Sebastian Blanco

When GM finds a buyer for the HUMMER brand, its CAFE levels will be affected in a positive (if very minor, because the H2 is not counted in CAFE figures) way. This isn't the only reason why the ...

AutoblogGreen Podcast #23 Dan Roth

GM sells HUMMER to Tengzhong for $150M, what happens to the vitriol? 2 months ago on Autoblog Green

Is selling HUMMER the morally correct thing to do? [w/POLL] 6 months ago on Autoblog Green

GM's potential sale of HUMMER to Tengzhong is probably good news for those interested in seeing the company return to independent and profitable status as quickly as possible (and also Rush Limbaugh). GM can shed the negative political association of the land monsters and get some money in return. ...

Xinhua: Hummer is "an exaggerated and extreme example of a disregard for the environment" 6 months ago on Autoblog Green

General Motors' HUMMER division has long been the whipping boy of the environmental movement, and now even the Chinese government seems to be getting in on the act. Quoting Richard Wottrich, International Managing Director at investment banking firm Dresner Partners, the state-run Chinese media ...

GM in talks to sell HUMMER to Chinese company Tengzhong 6 months ago on Autoblog Green

When GM finds a buyer for the HUMMER brand, its CAFE levels will be affected in a positive (if very minor, because the H2 is not counted in CAFE figures) way. This isn't the only reason why the General might want to shed itself of the large vehicle division - it's a political liability, too - but ...

AutoblogGreen Podcast #23 1 year ago on Autoblog Green

Sebastian is joined by Jeremy for AutoblogGreen Podcast #23, since Sam was hanging out with Bob Lutz and his Vectrix scooter when we recorded. Jeremy recounts his experience with Piaggio MP3 scooters on a ride from New York to Connecticut, and we move on to talk about the limited Prius supply as of ...

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