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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.

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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.

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Saab to Separate from GM and Create Independent Business in Sweden

Green Car Congress

The reorganization is a self-managed, Swedish legal process headed by an independent administrator appointed by the court who will work closely with the Saab management team. GM also said that is will sell or phase out the Hummer brand by 31 March, with a final resolution no later than 2010, and spin-off, sell or phase out the Saturn brand.

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3 Scenarios That Would Make An EV Ineligible For the Federal EV Tax Credit

EV Adoption

And some of these EVs like the GMC Hummer EV will see lower-priced trims (Hummer EV2 at $79,995) in the coming years that would be under the MSRP cap. The GMC Hummer is one example with its lowest price trim, the Hummer EV2 at $79,995 currently slated for 2024.

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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. This was thanks to a recent settlement reached by South Korean battery makers SK Innovation and LG Chem, which effectively removed a 10-year ban on SK’s imports. .

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Electric dirt bikes buyer’s guide and best models

Green Authority

Also read: Hummer EV – Everything you need to know. Electric Motion’s Escape is another road-legal, off-road electric bike that looks good and performs well. The 2021 KTM Freeride E-XC price starts at $10,699. Cake Kalk& The Kalk& is an electric dirt bike that will let you enjoy both the streets and the dirt.

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

Cars That Think

A hybrid Chevrolet Corvette is expected to deliver about 662 kW (900 hp), even as its GM parent readies a 1,014-hp GMC Hummer EV. Those Tesla-thrashing ICE sedan s include Cadillac’s new CT5-V Blackwing, which is basically a street-legal race car that combines a 685-hp, supercharged V-8, a 202-mph top speed, and endorphin-rushing handling.

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