From the Associated Press: Sichuan Tengzhong Heavy Industrial Machines Co. said Wednesday it pulled out of the deal to buy the company from General Motors Co. Tengzhong failed to get clearance from Chinese regulators within the...
From Financial Times: China is set to gain a toehold in the North American car market through Sichuan Tengzhong Heavy Industrial Machinery’s acquisition from General Motors of Hummer, the hulking symbol of Americans’...
Sichuan Tengzhong Heavy Industrial Machinery, the potential buyer of GM’s Hummer brand, expects to persuade Chinese regulators to approve the transaction in spite of a report on China National Radio’s website saying...
The unexpected proposed takeover of Hummer by a small Chinese company has been stalled, due to concerns about the environment. From BBC: Sichuan Tengzhong Heavy Industrial Machinery emerged as the surprise buyer for the brand...
As Sichuan Tengzhong Heavy Industrial Machinery Co. is set to buy Hummer, a General Motors unit that filed for bankruptcy recently, several perspectives have emerged about the gas-guzzling behemoth and the little known machinery...
From Los Angeles Times: Would Confucius drive a Hummer? News that an obscure Chinese company has reached a tentative agreement to buy bankrupt General Motors’ Hummer unit has people here pondering the larger meaning of...
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