Sichuan Tenzhong Buys Hummer After GM Files Bankruptcy

Who bought Hummer?
Sichuan Tengzhong Heavy Industrial Machinery Co. Ltd. plans to purchase the Hummer brand from General Motors, the mammoth U.S. auto maker that filed for bankruptcy yesterday.
Hummer is the brand attached to GM’s line of street-legal vehicles based on the HMMWV, or humvee. The abbreviation stands for High Mobility [...]

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hummer
Tuesday, June 2nd, 2009 by
Elizabeth Fairchild

GM Plant Closings, Brian Deese and GM Bankruptcy

General Motors plant closings announced
It’s been a long time coming, but GM plant closings were announced today. There is also a lot of buzz surrounding Brian Deese, the 31-year-old member of the federal auto task force who “finds himself dismantling General Motors and rewriting the rules of American capitalism.,” according [...]

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03bankruptcy
Monday, June 1st, 2009 by
Elizabeth Fairchild

General Motors Teeters on the Edge of Bankrupcy

Auto giant in big trouble
General Motors released a report Thursday that said it will likely go bankrupt unless it gets more government funding and successfully restructures the company.
The company has already gotten $13.4 billion in U.S. government loans.
Stock market fluctuations
The dismal report was, of course, followed by a drop in [...]

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mural
Friday, March 6th, 2009 by
Elizabeth Fairchild