7 result(s) displayed (1 - 7 of 7):

Germany's MAN tries hand at Chinese regulation (from Corporate Dealmaker)

Wednesday's announcement that German truckmaker MAN SE will acquire 25% of Chinese peer Sinotruk Ltd. for €560 million ($397 million) comes as cross-border deals travel bumpy roads in China.MAN chief executive Håkan Samuelsson has the advantage of dealing with Sinotruk in the past, saying, "This important partnership is based on...

Posted on July 15, 2009 1:05 PM

Hummer deal review begins in Beijing (from Corporate Dealmaker)

The purchase of  Hummer by Sichuan Tengzhong Heavy Industrial Machinery Co. Ltd. may turn out to be OK with Chinese regulators. And then on the other hand, it may not.That's our take on a Wednesday Reuters story with the optimistic headline "Chinese agencies back Tengzhong-Hummer deal."As you'll recall, General Motors...

Posted on July 15, 2009 9:56 AM

China may block Hummer sale, Saturn sold (from Corporate Dealmaker)

There are reasons to believe that China may block General Motors Corp.'s sale of Hummer to Sichuan Tengzhong Heavy Industrial Machinery Co. Ltd., a private Chinese company. For one thing, it doesn't fall in line with the country's initiative to make more fuel efficient vehicles.China is also looking to consolidate...

Posted on June 5, 2009 12:07 PM

GM signs MOU for Hummer sale (from Corporate Dealmaker)

General Motors Corp. signed a preliminary agreement with an unnamed buyer to sell its Hummer brand, the symbol of gas guzzling excess that helped push it into bankruptcy. The automaker filed for Chapter 11 on Monday and received permission to sell some assets. GM says the deal is expected...

Posted on June 2, 2009 8:27 AM

Platinum Equity a finalist in GM Hummer auction (from Corporate Dealmaker)

Private equity firm Platinum Equity LLC is reportedly among the finalists in the auction of General Motors Corp.'s Hummer SUV unit, with a decision on the winning bidder in the drawn-out auction expected soon.Bloomberg reported Friday that Beverly Hills, Calif.-based Platinum is vying with an unnamed Chinese company for the...

Posted on February 13, 2009 2:55 PM

GM finds Hummer no easy sale (from Corporate Dealmaker)

For all those out there struggling to sell your gas-guzzling SUVs, trading down to cope with $4 gasoline, rest assured that General Motors Corp. shares your frustration.The automaker has apparently hit some speedbumps in its effort to divest its Hummer unit. India's Economic Times reported Monday that domestic carmaker Mahindra...

Posted on August 18, 2008 1:36 PM

GM sees interest in Hummer, other assets on the block (from Corporate Dealmaker)

General Motors Corp. dealmakers told reporters Wednesday they were seeing significant interest in the automakers' assets, expressing confidence they will be able to raise the $4 billion it needs to weather the current downturn....

Posted on August 13, 2008 1:29 PM