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Hummer sale to be finalized this autumn

tryme submitted on 8/24/2009 Official Bell & Ross Timestamp: 3:39:12 PM

4 user comments | Category: Misc News | Source: | SOURCE: www.4wheelsnews.com

Chinese company Sichuan Tengzhong Heavy Industrial Machinery will proceed with purchasing Hummer and reports are saying that the sale will go through this autumn.

It had been speculated that the Chinese government would block the deal since the heavy machinery manufacturer had no experience of car sales.

Recently, China’s commerce ministry has announced that Tengzhong’s plans were normal for a company seeking to take advantage of the global downturn.

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Hummer sale to be finalized this autumn

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tryme

— tryme (View Profile)


User Comments

freeagent

As with Saturn, this deal is a trojan horse. The chinese are buying a ready distribution network with a new/modern set of dealer facilities, for a song. Through this a surge of Chinese product will flow, most having very little resemblence to Hummers of old and instead directly competing with Chevy et al. GM would do better to just shut it down and slow the onslaught of a new set of low cost competitors across the US market.

— freeagent (View Profile)

Posted on 8/24/2009 4:54:22 PM | reply to this comment | Votes: 2   

rxh8me9000

Soon the hummer will look like a huge X5

— rxh8me9000 (View Profile)

Posted on 8/24/2009 11:36:00 PM | reply to this comment | Votes: 1   

HyundaiSmoke

Im surprised Fox News didnt buy Hummer.

— HyundaiSmoke (View Profile)

Posted on 8/25/2009 1:02:04 AM | reply to this comment | Votes: 3   

truckman

The H-2 and 3 are nothing to brag about, so who cares.

— truckman (View Profile)

Posted on 8/25/2009 5:30:08 AM | reply to this comment | Votes: 2   

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