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January 9, 2011Question:
Which company have the current ownership of Hummer brand after gm deal with Chinise co
Answered By Jacky Lee:
On June 2, 2009, General Motors attempted a sale of its Hummer brand to a Chinese company, Tengzhong, as part of its bankruptcy settlement. On February 24, 2010, General Motors announced that the company was shutting down its Hummer brand due to Tengzhong withdrawing its bid. Tengzhong stated that the bid was withdrawn due to a failure to get approval from the Chinese government. You can read more on the NYT: http://www.nytimes.com/2010/02/25/business/25hummer.html?_r=1&hp
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