article thumbnail

Sichuan Tengzhong To Purchase HUMMER From GM

Green Car Congress

confirmed that the China-based industrial machinery group will acquire the rights to the premium off-road HUMMER brand, along with the existing senior management and operational team. HUMMER will continue to maintain its headquarters and operations in the US, and will continue to be managed by its existing leadership team.

Hummer 207
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. Tengzhong intends to purchase HUMMER through an investment entity, in which it will hold an 80% stake. It will also assume the existing dealer agreements relating to HUMMER’s dealership network.

Hummer 210
article thumbnail

Ferrari’s Plug-in Hybrid One-Ups the Combustion Engine

Cars That Think

The world’s leading sports- and luxury-car brands, together with muscle-car mavens like Dodge, are now pushing the envelope of the relatively inefficient internal combustion engine (ICE). Eventually, people will want vehicles powered by internal combustion because they are quaint. We know that electric motors can give us more.”

Plug-in 91
article thumbnail

The Tesla Cybertruck’s most formidable rival gets a bullish battery supply update

Teslarati

SK Innovation and LG Chem have been involved in a bitter legal dispute over LG’s accusation that SK had stolen its battery production secrets. The International Trade Commission (ITC) ruled in favor of LG, imposing a 10-year import ban on SK. Don’t hesitate to contact us for news tips.

Supplies 132
article thumbnail

Comedy CAFE Clowns Crack Me Up

Creative Greenius

Because they were so busy scamming people into buying planet-killing Hummers, Expeditions, Tahoes, Suburbans and other “the joke is on us&# vehicles, they ran their own business into the ground. That’s a real bummer about your lack of money old Chucky, but I’m still laughing away at your karma, dude.

GM 150