Back in June reports surfaced of a possible Hummer buyout by China’s Tengzhong but here we are 3 months later and still no deal. Today, however, reports have again surfaced regarding the buyout, this time notifying us that it is expected to go down in Q3 of this year.
There’s no official word on just how much the transaction will go down for but Autoblog suggests Tengzhong will be paying about half of what GM had originally wanted for it or about $200 million.
Let’s hope that under Tengzhong’s management, the Hummer brand will live on.
Tags: buyout, Chinese, HUMMER, speculation, tengzhong
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[...] Tengzhong buying Hummer in Q3 of this year? Apple accidentally ships Snow Leopard with Mac mini? Epson Perfection 4490 Photo Scanner This entry was posted on Sunday, August 23rd, 2009 at 8:59 pm and is filed under Hot Clicks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. [...]