Tengzhong inks deal to buy General Motors' Hummer brand

Sichuan Tengzhong Heavy Industrial Machinery has signed an agreement to buy the Hummer brand from General Motors, four months after the deal was first announced.

Sichuan Tengzhong Heavy Industrial Machinery Tengzhong on Friday signed an agreement to buy General Motors' Hummer brand.

China-based Tengzhong will buy the Hummer brand, trademark and trade names, as well as specific intellectual property IP license rights necessary for the manufacturing of Hummer vehicles. It will also take on the existing agreements related to Hummer's dealer network. The parties did not disclose the financial terms of the deal but media in the US have speculated that Tengzhong is paying $150...

To continue reading, please login or register for free

Click for more on: tengzhing | hummer | general motors | finance | asia | china

Print Edition

FinanceAsia Print Edition

CONFERENCES