GM's Hummer comes a cropper

0 CommentsPrint E-mail China Daily, February 26, 2010
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 End of the Road

  • Oct 6, 2008 GM confirms plan to sell Hummer brand and facilities.
  • April 28, 2009 GM released its restructuring plan, including spinning off Hummer, Pontiac and Saturn brands.
  • June 1, 2009 GM files for bankruptcy protection.
  • June 3, 2009 GM signs initial agreement with Tengzhong on Hummer sale.
  • Aug 22, 2009 Tengzhong says it is only targeting the Hummer brand.
  • Aug 25, 2009 NDRC and the Ministry of Commerce say they have not approved Tengzhong-Hummer deal.
  • Oct 9, 2009 Tengzhong signs final deal with GM to acquire Hummer brand, but it still needs government approval.
  • Oct 10, 2009 The Ministry of Commerce says it has not received any application from Tengzhong.
  • Feb 25, 2010 Tengzhong withdraws its plan to acquire Hummer from GM.

 

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