GM’s plan to sell Hummer brand delayed
General Motors’ plan to sell the Hummer brand to a Chinese heavy equipment maker has been delayed by a month.
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GM’s plan to sell Hummer brand delayed
General Motors’ plan to sell the Hummer brand to a Chinese heavy equipment maker has been delayed by a month.
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As Saab Goes, Ten More Dead Cars to Remember (at Minyanville.com)
The automobile graveyard is getting crowded.
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Source: GM nears completion of Hummer sale
General Motors Co. is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon, a person briefed on the deal said.
GM reaches deal to sell Hummer brand
Hummer, the off-road vehicle that once epitomized America’s love for hulking trucks, is now in the hands of a Chinese heavy equipment maker.
Mean Street: Give GM’s Fritz Henderson the Nobel Prize (at The Wall Street Journal Online)
Arindam Nag, deputy managing editor of Dow Jones Investment Banker, discusses China’s moves into the auto industry, with firms now buying or trying to buy Hummer, Volvo and Saab. Kelsey Hubbard reports.
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Toyota’s $1 Billion Marketing Push: Will It Drive Sales? (at Seeking Alpha)
Arindam Nag, deputy managing editor of Dow Jones Investment Banker, discusses China’s moves into the auto industry, with firms now buying or trying to buy Hummer, Volvo and Saab. Kelsey Hubbard reports.
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[video] China’s Interest in Auto Makers [3.3 min] (at MarketWatch)
Arindam Nag, deputy managing editor of Dow Jones Investment Banker, discusses China’s moves into the auto industry, with firms now buying or trying to buy Hummer, Volvo and Saab. Kelsey Hubbard reports.
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GM reaches deal to sell Hummer brand
General Motors Co. says it has signed an agreement to sell control of its iconic Hummer brand to a Chinese heavy equipment maker.
Tengzhong may finalize Hummer deal Friday: source (Reuters)
China’s Tengzhong may finalize a deal to buy General Motors Co’s Hummer business for about $150 million on Friday, a source familiar with the deal said, China’s biggest brand grab since Lenovo bought IBM’s PC unit in 2005.
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Source: GM nears completion of Hummer sale
General Motors Co. is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon, a person briefed on the deal said.
source
‘Clunkers’ program even helped sell Hummers
Pickup trucks and sport utility vehicles were big sellers under the Cash for Clunkers program despite the federal government’s focus on replacing gas guzzlers with more fuel-efficient cars.
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GM European Factories at Risk (at The Wall Street Journal Online)
Chinese carmakers are venturing on to the global stage with bids for Western brands from Volvo and Hummer to Saab, but there are doubts these inexperienced firms can manage the transformation such deals would bring.
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Western brands may be a step too far for Chinese car makers (Reuters)
Chinese carmakers are venturing on to the global stage with bids for Western brands from Volvo and Hummer to Saab, but there are doubts these inexperienced firms can manage the transformation such deals would bring.
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