Hummer sale to be completed by October, production to remain in U.S.
06/15/2009, 4:11 PM
By Drew Johnson
General Motors’ Opel sale may have a few more kinks to work out before it is officially sealed, but Hummer’s new owners – China’s Sichuan Tengzhong Heavy Industrial Machinery – says it plans to complete its acquisition of the off-road marque by the end of the third quarter.
The company also revealed that it has no plans to shift Hummer’s production from the United States to China. When the Hummer deal was originally penned, it was widely believed that Sichuan Tengzhong would move the brand’s production to China to save on labor costs.
Yang Yi, the company’s general manager, says the decision was made to keep Hummer’s production in the U.S. to ensure high levels of quality. Sichuan Tengzhong will also retain much of Hummer’s management as it has very little knowledge of the auto industry. Sichuan Tengzhong mostly produces special-use vehicles and highway and bridge components, according to Automotive News.
Although Sichuan Tengzhong will be holding on to most of Hummer’s employees, it won’t be taking on any of the company’s debt. Details of the deal are being kept private — including Hummer’s final selling price — but we should know more by October.
06/15, 4:20 PM
posted by:
Borat
I reckon new owners don;t want to see Hummer shrink to Asian size.
06/15, 4:36 PM
posted by:
cab396
Just change out the front clip and put some slant to the lights (vintage 05/06 Silverado)!
06/15, 4:59 PM
posted by:
leftwingagenda
it’s telling they bought the company, but don’t want ‘made in china’ on the label…that said, where are all the anti-communist protesters? commies bought hummer! there’s more uproar with folks claiming to never buy a GM product again because of the bailout…
06/15, 5:52 PM
posted by:
chinaghost
hopefully chinese build quality would be better than american, and the pricing too.
and the new h4 looked pretty sick. i think that it looks much more offroad capable than the h2 or h3…
06/15, 7:32 PM
posted by:
AutoCritical
I find this a bit surprising! I guess that company that bought them were more than acutely aware of the reputation of cars from their own country!
06/15, 9:40 PM
posted by:
Borat
Nah, they just forgot the envelope for May, it will be taken care off
06/16, 9:11 AM
posted by:
Veda
This is like how the Indians bought Jag. The ultimate American symbol taken over the the communist. Realistically though, in the business world, it’s probably better for Hummer.
06/16, 11:45 AM
posted by:
ricky_b
Hummer under a Chinese company. There has to be a joke or two in there.
06/16, 4:33 PM
posted by:
Get Real
In 1 year a complete duplicate factory will be created in China.
China is also buying on the cheap all the equipment in those closed GM and Chrysler assembly plants.