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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 sells HUMMER to Tengzhong for $150M, what happens to the vitriol? 1 month ago on Autoblog Green

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 ...

Is selling HUMMER the morally correct thing to do? [w/POLL] 5 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" 5 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 ...


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