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GM in talks to sell HUMMER to Chinese company Tengzhong
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 every little bit helps. In any case, that anyone is interested in buying a GM product right now is good news for the company, so the current discussions between GM and Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd, a Chinese company, about a ... Read more →
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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 ...
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