Will Hummer become Chinese or not? The drama continues
Sichuan Tengzheng bosses were today hurriedly making their way to Beijing to discus with Chinese regulators the possibility of buying Hummer from GM.
There has been a lot of chatter both from the Chinese national radio, and other media basically saying that the government will move to block any potential purchase of a brand that is seen as being ‘ungreen‘ and ‘anti-environment‘
Both Sichuan Tengzhong and GM bosses were in meetings together last week to formalize a sales plan, and a post sales plan for the Hummer brand. The major obstacle to gaining approval to buy the company is Sichuan Tengzhongs inexperience in the automotive building industry, and also the negativity attached to the Hummer brand.
Although there is a lot of speculation against the Hummer purchase, it is unlikely that China’s regulators will back down and deny the purchase, and CCT is rather looking forward to the day we can buy a domestically made Hummer H3T for sensible money.
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I hope the buyout and deal will be continued..This would be a great acquistion and asset for Sichuan Tengzheng!
“…government will move to block any potential purchase of a (NON HOME GROWN CHINESE) brand that is seen as being ‘ungreen‘ and ‘anti-environment”.
“CCT is rather looking forward to the day we can buy a domestically made Hummer H3T for sensible money.” Why would they make it affordable when it’s seen as a “luxury” SUV??? When BMW and Merc started making vehicles in the southern U.S. they didn’t lower their prices for that market…
In China when a car is made locally, the sale price falls considerably as well.
The Toyota Highlander is a good example, it fell from somewhere in the 350,000rmb range into the 270,00rmb range over night.
What will today hold for me? I don’t want to find out. Back to bed I go!
as a former Hummer engineer, I anxiously wait for the end of this drama..!
I rather so much that Hummer gets purchased by a foreign company than simply let it die.
Really hope the best for Hummer!
by the way
the H3T is a GREAT truck!!
=)
It has been explicitly stated that they will move to Hummer to alternate fuels, and most speculation is centered on making the Hummer some version of an EV – likely an HEV rather than a PHEV or BEV. It seems likely to me (a humble opinion) that a defined time line to do that, using Chinese battery manufacturers, will be the price to get governmental blessings
Anyone with any sense of who their natural battery partner might be? I think not BYD … China BAK maybe? Who else in China has the capacity for power batteries right now?
Thanks.