Sichuan Tengzhong could acquire Hummer from GM
GM has revealed that they are going to sell their Hummer brand to Chinese company Sichuan Tengzhong Heavy Industrial Machinery.
The financial aspects of the deal have not been revealed to the media.
Sichuan Tengzhong is based in Sichuan and they are in construction business.
The deal between GM and Sichuan [...]

Mahindra & Mahindra to launch trucks in USA
Indian automaker Mahindra & Mahindra has announced that they are going to launch their diesel-powered trucks and SUVs in the US market.
Incidentally, these vehicles are becoming unpopular in USA as they are prone to be less fuel efficient.
Both GM and Ford are now moving to smaller cars as [...]

Mahindra & Mahindra might be interested in Hummer
Market sources say that India’s automaker Mahindra & Mahindra is in talks with GM over a potential deal over the Hummer brand.
Mahindra is likely to be one of the several players who are interested in the Hummer brand.
GM has been posting massive losses due to falling sales of [...]

General Motors confirm zero percent financing scheme
US based automaker has confirmed the reports that they are now going to offer zero-percent financing for 72 months.
The offer is applicable on most of its 2008 models.
The company added that they have also hired the services of Citibank to overview their Hummer brand.
GM is considering selling off the [...]

GM to consolidate dealership network to cut costs
US based automobile industry giant GM has said that they are considering plans to speed up consolidation of dealerships offering their various brands to cut costs.
They are struggling to compete against the likes of Japanese automakers in their domestic market and have been taking serious steps to enhance [...]