World Auto News & Reviews

Fang Yan and Doug Young Fang Yan And Doug Young writing for Reuters reported that Tengzhong, the Chinese buyer of General Motor’s Hummer brand, aims to close the deal by early 2010, with regulatory approval looming as the first of what will likely be multiple hurdles on the road ahead.

Sichuan Tengzhong Heavy Industrial Machinery is not just seeking Beijing’s go ahead for a deal which runs counter to China’s energy efficiency drive but will also have to turn around GM’s struggling gas guzzling Hummer.
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Sichuan Tengzhong Heavy Industrial Machinery Company has officially signed a definitive agreement to purchase the Hummer brand from General Motors. Hummer’s leadership team will remain in place and the company will be headquartered in Detroit.
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Lending credence to reports from earlier this month, China’s state radio is claiming Sichuan Tengzhong Heavy Industrial Machinery’s acquisition of General Motors’ Hummer brand will be blocked due to environmental concerns.

According to China National Radio, the Chinese government will block Sichuan Tengzhong Heavy Industrial Machinery’s purchase of Hummer due to the marque’s unfavorable environmental reputation. China is not known for its environmental policies but is looking to cut emissions from the manufacturing sector.
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Leave it to the United Arab Emirates to remind us that not everyone is affected equally by the economic crisis. This highly-customized Hummer H2 convertible was spotted in front of Abu Dhabi’s Emirates Palace Hotel.
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AM General has announced the temporary stoppage of Hummer H2 production. Shutting down the H2 line also means the company will lay off 250 workers for the time being.

Craig Mac Nab, a spokesman for the company, told hummerguy.net that production will be halted at the Mishawaka, Indiana, facility at least until March. “What we are doing at considerable difficulty and expense to the company is moving all eligible employees from the H2 workforce into other parts of the company — finding them jobs,” he said.
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