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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/