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Originally Posted by HummerJim
Bloomberg reported the Tengzhong deal with GM for Hummer was for $150 million in October, but in late November Bloomberg then reported that if you include foreign trade credits for GM with China the actual cost to buy Hummer was closer to $80 million. A BARGAIN by any stretch of the imagination and just shows GMs eagerness to dump Hummer.
http://wot.motortrend.com/6578150/au...tag/index.html |
The deal origianlly was $150 Million to buy the brand and they had to promise to invest atleast $800 Million in it for new models, research, new engines, etc.
Thats where i came up with the $950.