Hummer going Chinese before October

Get used to this name: “Sichuan Tengzhong Heavy Industrial Machinery” (STHIM), the new owner of GM’s once popular Hummer brand has announced that it aims to finalise the deal before October.

STHIM General Manager Yang Yi said in an interview with the Us industry publication Autonews that his company has no intentions of transferring Hummer equipment [...]

Hummer deal threatened by Chinese Govt

The Chinese heavy machinery maker that agreed to buy General Motors’ Hummer brand may find the biggest stumbling blocks to the deal in its home country.

Following last week’s surprise announcement that Sichuan Tengzhong Heavy Industrial Machinery and GM had reached an agreement, analysts and Chinese media were buzzing with talk that the two companies might [...]

GM to sell Hummer to Chinese company

General Motors Corporation has revealed it has reached a tentative deal to sell its Hummer brand to a privately held Chinese company, part of an effort to drop four unprofitable vehicle lines and leave bankruptcy as a leaner company.

GM, a day after filing for bankruptcy, said in a statement that it reached a memorandum of [...]

Leaner GM dumps Pontiac

General Motors has decided to abandon one of its most revered nameplates, that of Pontiac, as part of its desperate measures to save itself from Chapter 11 bankruptcy in the United States.

At a press conference in Detroit a short while ago the Chief Executive Officer of General Motors, Fritz Henderson, outlined “an updated Viability Plan [...]

GM may pull Cadillac from Euro markets

General Motors seems certain to pull its Cadillac brand from more than half its current European markets following the collapse of its regional distributor.

It’s reported that the US carmaker will focus on markets such as Russia, Britain and Switzerland where the luxury brand has been able to compete against Germany’s BMW, Mercedes-Benz and Audi premium [...]