Archive for October, 2009
It has been on the news for several months now but finally the talks between Hummer and Chinese company Sichuan Tengzhong has reached an agreement. 
General Motors inked the deal with Tengzhong which allows the latter to acquire the premium brand Hummer.
Hummer is a very strong brand when it comes to the all terrain vehicle brands, and the deal with the Chinese company marks a milestone for both General motors and Hummer. The brand is seeing a bright future ahead with the management and design expertise of Hummer that will be utilized with the capital coming from Tengzhong.
The Hummer brand has known to be among the leaders of the American pack, but owners of Hummer need not worry about the acquisition. The Chinese company will keep the global head office of Hummer near Detroit since Michigan issued a tax credit of about $20.6 million to the new owners.