Sichuan Tengzhong Heavy Industrial Machinery Company

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Hummer Sold to Chinese Firm

GM offloads brand to Chinese heavy-equipment maker

(Newser) - General Motors has finalized a deal to sell its iconic Hummer brand to Chinese heavy-equipment maker Sichuan Tengzhong Heavy Industrial Machinery Co. The deal will save 150 Hummer dealerships and 3,000 American jobs, execs say. The vehicles will be assembled at GM plants in the US until 2011 under... More »

China Won't Allow Hummer Sale: Report

Country KOs GM deal with manufacturer over environmental worries

(Newser) - Beijing will halt GM’s sale of the Hummer brand to a Chinese machinery firm over pollution concerns, according to Chinese state radio. The purchase would run counter to the government’s goal of reducing pollution caused by manufacturing, the BBC reports. The Chinese firm shrugged off the report. “... More »

Schwarzenegger Happy to See Hummer Go to China

Calif. Gov. believes Chinese owners will be able to ratchet up mileage

(Newser) - California Gov. Arnold Schwarzenegger helped popularize the Hummer by driving one, but he's not worried that its days of American ownership are over, reports the Los Angeles Times. The gas-guzzler has come to symbolize Detroit's failure to innovate, and the brand's new Chinese owners will be able to double the... More »

Hummer Deal Will Make Beijing Crazy

(Newser) - The news that an obscure Chinese heavy equipment manufacturer is probably making government officials pull their hair out in frustration, writes Andrew Peaple of the Wall Street Journal. “Beijing is keen for Chinese companies to expand overseas,” he allows. “But they’re also hoping for some common... More »

Chinese Machinery Firm to Buy Hummer

Company aims to become carmaker

(Newser) - After General Motors announced a plan to sell the brand, the identity of Hummer’s buyer has emerged: It’s a Chinese machinery firm that aims to become an automaker, an insider tells the New York Times. GM’s deal with the Sichuan Tengzhong Heavy Industrial Machinery Company was subject... More »

5 Stories