Latest information that Hummers will still be built in the U.S.
Hummer?s China deal outlined at last
26 August 2009 3 Comments
Hummer maybe finding its home in China very soon under the
GM-
Tengzhong deal which will see Hummer being operated as an offshore company but under Chinese control.
The plans were outlined on the auto.163 website and are as follows:
- Tengzhong is going to take over the Hummer sales network in the USA.
- Tengzhong will take over the IPR, including trademarks, patent rights, and other Hummer related issues.
- Tengzhong will operate Hummer as an offshore business.
- Until 2012 GM will continue to produce Hummers and offer technical services to Tengzhong.
- Before 2012 Hummer will release a new H3 model and also the H4.
- Hummers marketing and R&D will continue as it is.
Tengzhong has already announced that it doesnt plan to build a Chinese Hummer factory, although it was stated before that it did have plans for such a factory.
Tengzhong has also announced that it doesnt plan on obtaining Hummer assets or plans on taking a stake in
GM.
More news:
http://www.bloomberg.com/apps/news?pid=20601109&sid=akQaZGWodMhY
http://www.chinacartimes.com/2009/08/26/hummers-china-deal-outlined-at-last/
http://www.bizchina-update.com/content/view/2572/2/