A Chinese automaker, the Sichuan Automobile Industry Group, denied Wednesday it was planning to buy General Motors' Hummer-brand sports utility vehicle unit. "There is no such thing at all," said An Zhifu, board director of the Sichuan Fulin... ...full story at People's Daily
from People's Daily on Wed, Feb 18 2009
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GM, Chinese company tentatively agree on Hummer sale » People's Daily U.S. automaker General Motors Corp., a day after filing Chapter 11 bankruptcy, has a tentative deal to sell its Hummer brand to Chinese-based Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd., the automaker said Tuesday. According to a... |
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GM's Hummer to close down after no sale to China » Danwei The Los Angeles Times reports: The hulking Hummer SUV brand looks to be headed for extinction. General Motors Co. said Wednesday that it was unable to complete a deal to sell its Hummer line to Sichuan Tengzhong Heavy Industrial Machinery Co., a... |
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Hummer faces closedown after Chinese deal collapses » People's Daily Hummer, the American oil-guzzling vehicle, faces a shutdown after its sale to a Chinese heavy equipment maker collapsed. Sichuan Tengzhong Heavy Industrial Machines Co. said on Wednesday it pulled out of the deal to buy the company from General Motors... |
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Chinese Hummer purchase stalls » Engaging China Sichuan Tengzhong Heavy Industrial Machinery announced last week that it was buying Hummer, the gas-guzzling General Motors marque. However, doubts are now surfacing about whether the little-known Tengzhong will be able to pull off the deal... |
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