Beijing Said to Be Split Over Hummer Deal
As a decision looms over General Motors' controversial plan to sell its Hummer unit to a little-known Chinese firm, the two Chinese regulators in charge of approving the deal seem to be on opposite...
View ArticleTengzhong Said to Near Final Deal for Hummer
Sichuan Tengzhong Heavy Industrial Machinery of China may finalize a deal with General Motors as early as next week to acquire the Hummer brand, Reuters reported.
View ArticleChina’s Geely Weighs Bid for Ford’s Volvo Unit
Geely Automotive of China said Wednesday that its parent wants to bid for Ford's Volvo Car, becoming the latest Chinese automaker to chase a foreign brand in a global industry overhaul.
View ArticleWestern Brands May Be a Step Too Far for China
Chinese carmakers are venturing on to the global stage with bids for Western brands from Volvo and Hummer to Saab, but there are doubts that these inexperienced firms can manage the transformation such...
View ArticleTengzhong Said to Near Hummer Deal on Friday
Tengzhong of China may finalize a deal to buy General Motors' Hummer business for about $150 million on Friday, in what would be China's biggest brand grab since Lenovo bought I.B.M.'s PC unit in 2005,...
View ArticleG.M. Signs Deal to Sell Hummer
General Motors said Friday that it would sell its rugged Hummer brand, once an integral part of its growth strategy for sport utility vehicles, to a Chinese heavy equipment maker and a private investor.
View ArticleThe Deal Professor’s 2009 in Review, Part I: No Exit
In part one of his 2009 year in review, the Deal Professor examines the general trends of what he predicts will be a flatter deal-making landscape for some time to come.
View ArticleG.M., Not Hopeful on Saab, Proceeds With Closure
General Motors's chief executive, Edward E. Whitacre, said on Wednesday he is not hopeful a breakthrough deal can be reached to save Saab and said G.M. is proceeding with the wind-down of the Swedish...
View ArticleG.M. to Halt Hummer Production Pending Sale
General Motors will halt Hummer production next week at its Louisiana plant until sale of the brand to a Chinese company is completed.
View ArticleG.M.’s Hummer Sale Is Delayed
General Motors' plan to sell the Hummer brand to a Chinese heavy equipment maker has been delayed by a month.
View ArticleTengzhong Seeks Private Equity Solution for Hummer
The planned purchase of General Motors' Hummer brand by a Chinese heavy equipment maker appears stalled by regulators, but that hasn't stopped investors from setting up a fund to back the deal, The...
View ArticleG.M. to Close Hummer After Sale Collapses
Hummer, the brand of big sport-utility vehicles that became synonymous with the term “gas guzzler,” is being shut down after a deal to sell it to a Chinese manufacturer fell apart, General Motors said...
View ArticleG.M. Said to Revisit Previous Bids for Hummer
General Motors is going back to the pool of original bidders for its Hummer unit, after plans to sell the brand to China's Sichuan Tengzhong Heavy Industrial Machinery fell through, according to press...
View ArticleThe Pace of Deal-Making Picks Up
From the DealBook Spring 2010 special section: Corporate buyers are intensifying their hunt for deals — and they’re becoming a bit bolder.
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