{"id":45867,"date":"2009-10-10T03:49:46","date_gmt":"2009-10-10T10:49:46","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=45867"},"modified":"2009-10-10T03:49:46","modified_gmt":"2009-10-10T10:49:46","slug":"gm-sells-hummer-to-china-industrial-business","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2009\/10\/gm-sells-hummer-to-china-industrial-business\/","title":{"rendered":"GM Sells Hummer To China Industrial Business"},"content":{"rendered":"<p>From <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/d0674ee6-b534-11de-8b17-00144feab49a.html?nclick_check=1\">Financial Times<\/a>:<\/p>\n<blockquote><p>\nChina is set to gain a toehold in the North American car market through Sichuan Tengzhong Heavy Industrial Machinery&#8217;s acquisition from General Motors of Hummer, the hulking symbol of Americans&#8217; fading love affair with gas guzzlers.<\/p>\n<p>The <a href=\"http:\/\/media.gm.com\/servlet\/GatewayServlet?target=http:\/\/image.emerald.gm.com\/gmnews\/viewpressreldetail.do?domain=827&#038;docid=57326\">two sides said<\/a> yesterday that they had reached a &#8220;definitive agreement&#8221;, which remains subject to US and Chinese government approval. Terms were not disclosed. The purchase price, understood to be about $150m, could be affected by conditions set by the two governments.<\/p>\n<p>Tengzhong, a privately-owned manufacturer whose business has been confined to heavy equipment, highway and bridge components and construction machinery, said that it would introduce more fuel-efficient models for markets outside North America.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From Financial Times: China is set to gain a toehold in the North American car market through Sichuan Tengzhong Heavy Industrial Machinery&#8217;s acquisition from General Motors of Hummer, the hulking symbol of Americans&#8217; fading love affair with gas guzzlers. The two sides said yesterday that they had reached a &#8220;definitive agreement&#8221;, which remains subject to [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2],"tags":[3797,4036,8022],"class_list":["post-45867","post","type-post","status-publish","format-standard","hentry","category-world","category-economy","tag-auto-industry","tag-gm","tag-hummer","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GM Sells Hummer To China Industrial Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2009\/10\/gm-sells-hummer-to-china-industrial-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GM Sells Hummer To China Industrial Business\" \/>\n<meta property=\"og:description\" content=\"From Financial Times: China is set to gain a toehold in the North American car market through Sichuan Tengzhong Heavy Industrial Machinery&#8217;s acquisition from General Motors of Hummer, the hulking symbol of Americans&#8217; fading love affair with gas guzzlers. The two sides said yesterday that they had reached a &#8220;definitive agreement&#8221;, which remains subject to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2009\/10\/gm-sells-hummer-to-china-industrial-business\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2009-10-10T10:49:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Liu Yong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Liu Yong\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2009\/10\/gm-sells-hummer-to-china-industrial-business\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2009\/10\/gm-sells-hummer-to-china-industrial-business\/\"},\"author\":{\"name\":\"Liu Yong\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/bde859fa557a468c7a4b1a9d9db2b46c\"},\"headline\":\"GM Sells Hummer To China Industrial Business\",\"datePublished\":\"2009-10-10T10:49:46+00:00\",\"dateModified\":\"2009-10-10T10:49:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2009\/10\/gm-sells-hummer-to-china-industrial-business\/\"},\"wordCount\":121,\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"keywords\":[\"auto industry\",\"GM\",\"Hummer\"],\"articleSection\":[\"China &amp; 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