Sichuan Tengzhong withdraws its proposed acquisition of Hummer

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February, 2010.
Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd ("Tengzhong") has announced that it is withdrawing its proposed acquisition of HUMMER from General Motors, having been unable to obtain clearance of the transaction from the Chinese regulators within the proposed deal timeframe.

hummer type

Hummer logo.

Following talks with GM, both sides have decided to discontinue discussions on the transaction and terminate their definitive agreement.

Tengzhong is disappointed that the transaction cannot be further pursued, but the company respects the outcome. Tengzhong worked earnestly to achieve an acquisition that it believed to be a tremendous opportunity to acquire a global brand at an attractive price. The renewed investment to be made by Tengzhong and other investors would have provided HUMMER's existing management team the ability to build greener utility vehicles that would have been attractive and useful in new markets such as China as well as the existing core markets.

Tengzhong expressed its sincere thanks to GM for working diligently with the company. The company also expressed its gratitude and good wishes to HUMMER CEO Jim Taylor and the HUMMER team, as well as the 3,000 people who produce and support HUMMER.

(source: Sichuan Tengzhong)

Sichuan Tengzhong   China.
Sichuan Tengzhong is the new owner of Hummer   
Hummer related emblems   
Hummer commercials   
Hummer HX : 2008   
Hummer H3T : 2004   350-horsepower, turbocharged version of GM''s new Vortec 3500 inline five-cylinder.
Hummer H4 : 2005   Beach Blanket Hummer.
Hummer H2 : 2003   (yes, I know it's big)
Hummer sale agreement reached   Deal could secure more than 3,000 jobs
Tengzhong In Advanced Talks To Purchase Hummer   
Sichuan Tengzhong   Official site.
Hummer   Official site.
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THE "1900's" BOOK.
Each decade seems to have its own stylistic language, and this issue showcases logos, ads, cars, companies and products (and their typographical sensibilities) from the early 1900s.

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Car Shipping Companies
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Vehicle Transportation


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