Hummer will change nationality: American to Chinese
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The economic crisis that has affected the automotive industry to a large extent will be charged the nationality of the subsidiary of General Motors, Hummer. Cease to be American to be Chinese, a change caused by the fact that Sichuan Singsong Heavy Industrial Machinery, a Chinese manufacturer of industrial machinery, is very close to a deal with General Motors for $ 150 million (102.7 million euros.) And that GM wanted $ 500 million when put on sale a year ago…
However, negotiations have been difficult to harness because of the refusal of the Chinese Government and, indeed, the ball is now in the roof of the Administration of China, which must decide whether to approve the purchase of Hummer or not.
From the surprising news that Chinese authorities are not following the purchase because the cars made by Hummer are highly polluting. However, the information arriving favor the sale, which could be announced shortly. In the next few days, according safeguarding from General Motors, the council delegate to the Asian firm will travel to the United States to meet with the directors of the American flag.
General Motors, meanwhile, not only wants dispensers Hummer, but Opal, Saab and Saturn are also on sale because of the economic crisis. The Detroit-based company wants to retain only the most profitable subsidiaries, and have pointed to the four brands mentioned with his finger. Apparently, the super sports car firm will keep Koegnisegg Saab, while a consortium formed between the Canadian Magna and Russian bank Burbank would keep a majority stake in Opel. Saturn is not news . Now then, as the sale is like the Hummer ($ 350 million less than expected), it may be a remedy worse than the disease …
.Tags: General Motors, Hummer, Opel, Saab, Saturn, sichuan, Tengzhong