Hummer sale to be finalized this autumn

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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freeagent - 8/24/2009 4:54:22 PM

+2 Boost

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.

rxh8me9000 - 8/24/2009 11:36:00 PM

+1 Boost

Soon the hummer will look like a huge X5

truckman - 8/25/2009 5:30:08 AM

+2 Boost

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