Although everybody expected to see the HUMMER brand stepping under Chinese ownership by end-January, it didn’t happen. And even if rumors that the deal might come to a dead end are emerging, the two companies have just pushed back the deadline for the HUMMER purchase to the end of February.
This basically means that Tengzhong and General Motors will continue for one more month but nobody knows for sure what is going to happen if the two fail to reach an agreement one more time.
However, Te… (read more)