article thumbnail

General Motors And Tengzhong Sign Definitive Agreement For Sale Of HUMMER

Green Car Congress

Ltd (Tengzhong) have entered into a definitive agreement that will allow Tengzhong to acquire GM’s HUMMER brand. Under the agreement, HUMMER would contract vehicle manufacturing, key components and business services from GM during a defined transitional time period. Citi is acting as financial advisor to GM.

Hummer 210
article thumbnail

Saab to Separate from GM and Create Independent Business in Sweden

Green Car Congress

As a result of GM’s strategic review of the global Saab business, the Saab Board announced today that it will file for reorganization under a self-managed Swedish court process to create a fully-independent business entity that would be sustainable and suitable for investment. The reorganization should have no impact on other GM operations.

Sweden 150
article thumbnail

Junkyard Find: 1987 Chevrolet Sprint ER

The Truth About Cars

What was the most fuel-efficient (mass-produced, internal combustion-powered, highway-legal, non-gray-market, four-wheeled, et freakin' cetera) new car available in the United States during the 1980s? It appears that this engine was not legal for sale in high-altitude areas. 1987 Chevrolet Sprint ER in California junkyard.

Chevrolet 105
article thumbnail

Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit

EV Adoption

According to SupChina.com , the 10 largest EV producers in China based on domestic sales are: Tesla BYD SAIC Motor SAIC Volkswagen SAIC-GM-Wuling NIO Xpeng Li Auto WM Motor Geely. Currently only the Polestar 2 and Volvo S90 T8 PHEV are being produced in China for sale in the US.

article thumbnail

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Green Car Congress

California’s original approach to heavy carbon oils resulted in a legal challenge that is still pending; the EU’s adoption of a similar approach has resulted in protracted discussion and negotiation with Canada that has yet to be resolved, either.). GM supports LCFS because it has thought about it.

Carbon 247