Hummer News

The US bank had inadequate internal controls, the regulator said. Meanwhile, Sumitomo Trust & Banking Co is in the final stages of talks to buy Citigroup s Nikko Asset Management Co for more than US$1 billion, the Nikkei reported yesterday.

The custom built Hummer looks less like the job of some owner, and more like mutilation carried out by some anti-Hummer brigade.

Last year, we compared the dirtside manners of the Hummer H2 and Toyota Land Cruiser .

Authorities in southwest China's Sichuan Province confirmed Monday that Tengzhong company's plan to buy General Motors Corp.'s Hummer unit was still being examined by concerned departments and there had been no definitive result toward approval.

While the argument about whether a Hummer H2 is actually more environmentally friendly than a Toyota Prius has long since been debunked , it does raise a valid point.

June 25, 2009: Sichuan Tengzhong Heavy Industrial Machinery Co. will sign a formal deal with General Motors Corp on June 28 in the U.S. to acquire GM's Hummer brand, sina.com reported yesterday.

The money behind Hummer may come from China, but the maker of iconic SUVs will keep its headquarters, engineering and manufacturing in the United States, and Michigan may just land the head office, Hummer CEO Jim Taylor told me over breakfast this week.

News that General Motors Corp. plans to close its Shreveport assembly plant by no later than summer 2012 came as no surprise to dealerships that sell the plant's vehicles and companies that move parts from its many local suppliers.

Chrysler Group LLC will shut a Dodge Ram pickup factory in Missouri on July 10 while General Motors Corp.

China's top economic planning agency is likely to reject Sichuan Tengzhong's bid to buy the Hummer brand from bankrupt General Motors Corp , state radio reported on Thursday.

Modern Detroit traces its origins back to a man named Cadillac -- Antoine Laumet de La Mothe, sieur de Cadillac, to be precise, a French adventurer who founded Fort Pontchartrain du Detroit in 1701.

Would Confucius drive a Hummer? News that an obscure Chinese company reached a tentative agreement to purchase bankrupt General Motors Corp.'s Hummer unit has people here pondering the larger meaning of Chinese ownership of the mother of all gas guzzlers.

General Motors Corp. plans to close its assembly and stamping plants in Shreveport, La., no later than June 2012, a union official said Wednesday.

Lee Iacocca, who introduced the Mustang for Ford at the 1964 World's Fair in New York, said he has contracted with custom car builder Gaffoglio Family Metalcrafters to reshape a 2009 model into a sleek fastback.

Online consumers are bailing out of buying Saturns, Saabs and Hummers even before General Motors Corp.

A shiny orange piece of what might be America's automotive future, a Tesla Roadster, is silently prowling the streets of Fairlawn and surrounding areas.

General Motors Corp. said it has reversed decisions to end franchise agreements with 60 dealers, as the largest US automaker scales back its retail network under bankruptcy reorganization.

Hummer already has expertise and experience - all it needs is cash. That was the message from CEO Jim Taylor this week as he mapped out a bright, green future under Chinese ownership.

General Motors Corp. CEO Fritz Henderson said Tuesday that U.S. and global markets are stabilizing, which could indicate a turnaround in auto sales.

General Motors Corp. said Tuesday it had signed an agreement to sell its ailing Swedish auto producer Saab to automaker Koenigsegg, pending bank financing.