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Tengzhong seeks approval for Hummer buy

SHANGHAI/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.

China ministry says not received Hummer buy application

BEIJING (Reuters) - China's Commerce Ministry said on Saturday that it has not yet received an application about machinery maker Tengzhong's bid to buy General Motors' Hummer brand.

Hummer sale: GM closer to deal with China company

General Motors moved a step closer to selling its Hummer brand Friday when it announced that it had signed a definitive agreement with a Chinese manufacturer.

GM signs deal to sell Hummer to Tengzhong

DETROIT (Reuters) - General Motors Co signed a deal on Friday to sell its iconic but tarnished Hummer brand to an investment partnership headed by an obscure Chinese machinery maker in an agreement that underscores the fast rise and global ambition of the Chinese auto industry.

General Motors says China sales set new record (AP)

AP - General Motors Co. said Friday it set a sales record in China in September and total sales for the first nine months of the year rose 55 percent to nearly 1.3 million vehicles.

Tengzhong may finalize Hummer deal Friday: source

SHANGHAI (Reuters) - China's Tengzhong may finalize a deal to buy General Motors Co's Hummer business for about $150 million on Friday, a source familiar with the deal said, China's biggest brand grab since Lenovo bought IBM's PC unit in 2005.

China's Tengzhong to reach Hummer deal in "days": report

HONG KONG (Reuters) - China's Sichuan Tengzhong Heavy Industrial Machinery is poised to complete its purchase of General Motor Corp's Hummer division within days, the South China Morning Post reported on Saturday.

Hummer headquarters to be in Michigan after sale

DETROIT (Reuters) - Hummer plans to invest $9.4 million over five years and take advantage of tax credits to set up a Michigan headquarters after China's Tengzhong acquires the brand from General Motors Co, a Hummer spokesman said on Tuesday.

Western brands may be a step too far for Chinese car makers

SHANGHAI (Reuters) - Chinese carmakers are venturing on to the global stage with bids for Western brands from Volvo and Hummer to Saab, but there are doubts these inexperienced firms can manage the transformation such deals would bring.

China regulator seeks more info on Hummer buy

SHANGHAI (Reuters) - China's Commerce Ministry has not rejected heavy equipment maker Tengzhong's planned purchase of GM's Hummer unit, but has asked for more information on the deal, a source familiar with the matter said on Tuesday.

Tengzhong may finalize Hummer deal next week: source

SHANGHAI (Reuters) - China's Tengzhong may finalize a deal with General Motors as early as next week to acquire the U.S. automaker's Hummer brand, a source familiar with the deal said on Friday.

Chinese agencies back Tengzhong-Hummer deal: Mofcom (Reuters)

Reuters - China's Ministry of Commerce on Wednesday played down reports that it is at odds with the economic planning agency over a controversial deal for a little-known Chinese company to buy GM's Hummer unit.