tengzhong

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 ...

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. ...

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 ...