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Tengzhong seeks approval for Hummer buy; hurdles seen: FidelitySHANGHAI/HONG KONG (Reuters) - 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.
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TIMELINE: China car makers eye global brands | Deals | ReutersFollowing is a TIMELINE tracing some proposed, failed or ongoing deals reported this year:
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Some Questions and Answers About the New G.M. - NYTimes.comA Primer on the New General Motors General Motors closed the sale of its best assets to a new company primarily owned by the American government on Friday, starting a new era in its 101-year history. Here are the answers to some frequently asked questions. Q: What is the new General Motors ...
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Tengzhong talks with China regulators on Hummer bid -- china.org.cnA GM spokesman was not immediately available to comment on the Journal report while a Tengzhong spokeswoman said the Chinese company is working to get the deal done. "We don't have a definitive agreement but we're developing our proposals with GM and Hummer and we'll continue to engage with the ...
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Hummer Deal Still On, Says Tengzhong - Deal Journal - WSJChinese Sichuan Tengzhong, the potential buyer of GM’s Hummer unit, said it is moving along with the Hummer deal despite speculation that the deal will be rejected by the Chinese government.
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BBC NEWS | Business | China 'to block' Hummer takeoverA Chinese firm's bid to buy the gas-guzzling Hummer car brand will be blocked on environmental grounds, according to Chinese state radio.
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China's NDRC against Tengzhong bid for Hummer: reportBEIJING (Reuters) - China's top economic planning agency is likely to reject Sichuan Tengzhong's bid to buy the Hummer brand from bankrupt General Motors Corp ( GM.N ) ( GMGMQ.PK ), state radio reported on Thursday.
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Online Shoppers Ditch Saturn, Saab and Hummer - Advertising Age - NewsOnline consumers are bailing out of buying Saturns, Saabs and Hummers even before General Motors Corp. can unload those brands to their new owners, according to web analytics firm Compete. And because two-thirds of Saturn and Pontiac shoppers buy only that brand or non-GM brands, that provides a ...
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Tengzhong ‘Communicating’ With Regulator on Hummer .“It’s up to the government” whether the transaction will be approved, Chief Executive Officer Yang Yi said in an interview in Beijing today, without elaborating. “We respect the regulatory process.”
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Lumena chairman may join Hummer bid as BAIC targets Volvo - China Economic ReviewIt's been a busy week in China's auto industry.
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