Just as the global recession isn’t a crisis for everyone, some failed deals actually bring success to certain parties: After Tengzhong’s failure to complete the Hummer acquisition, announced yesterday, today brings a positive news…for the Hummer dealers in China.
According to People’s Daily, Shanghai Hummer retailers have reacted quickly to the Hummer-Tengzhong cancellation news, deciding to raise the prices of the remaining Hummer models on their stock. A Hummer H3X produced last year now… (read more)