GM flameout Sichuan Tengzhong Heavy industry to gamble new Hummer production line or settle in Chengdu

Source: Internet
Author: User
Keywords General Motors Tengzhong Hummer flameout
Every reporter Wang Zhang Yifan Guo Nao Zhi Editor of the century old car GM extinguished the fire, but the famous Hummer will still be Pentium, but the horse-raising people has become a surprise to many people in China enterprises. There is plenty of speculation about the deal, but in the opinion of Obama spokesman Bilburton: "As the president has said, the U.S. government will not intervene in GM's day-to-day operations, which is an example."  "But anyway, it will be one of the biggest overseas acquisitions of Chinese companies in the auto industry."  The wild general Hummer will be "tamed" by Chinese buyers.  Yesterday, General Motors and Sichuan Tengzhong Heavy Industry Machinery Co., Ltd. (hereinafter referred to as Tengzhong) on its official website issued a notice, announced the famous high-end SUV brand "Hummer" will be unknown to the tengzhong income in the bag. It is understood that at present Tengzhong heavy industry in 2nd with the general public on the acquisition of the formal signing of the MOU, while there is still a long way to go before an agreement can be reached and delivered, a plan to buy Hummer from the daily economic news reporter's previous release shows that the Tengzhong plan will pay 1 billion of dollars for Hummer, $550 million is used to buy the Hummer brand, while the remaining 450 million dollars are used to build a new Hummer production line in Chengdu, Sichuan.  However, the details of the negotiations between the two sides have yet to be announced. "Buy" horse "truth" the relevant parties tight-lipped yesterday announced the two sides on the acquisition of the Hummer brand Agreement details. Under the terms of the deal, Tengzhong will enjoy the power of the Hummer brand and gain access to its key senior management and operating team, and Tengzhong will also renew its existing dealer contracts related to the Hummer distribution network. Meanwhile, Tengzhong will hold discussions with GM on long-term contracts for assembly, parts and materials supply.  It is reported that after the completion of the transaction, more than 3,000 job opportunities in the United States will be retained. After the news, the reporter immediately dialed tengzhong heavy industry general manager Yang's phone, but his phone is always in the shutdown state. Subsequently, the reporter through Teng zhong heavy industry public relations responsible person's telephone, the official confirmed that Tengzhong was indeed strategically acquiring 100% of the Hummer brand, but so far, the two sides have only signed a memo, a distance from the final agreement and delivery, and are expected to reach a settlement by the end of the three quarter.  The amount involved, and the next step for Tengzhong's business plan for the Hummer brand, were not answered. Yesterday morning, reporter rushed to located in Chengdu City Xinjin Industrial Park in the Tengzhong heavy industry company, a large number of media reporters gathered here, but all the people were rejected in the company's door, the company security to inform reporters not to enter the company to interview, and the reporter's question, has been no response. In desperation, the reporter only inquires at the factory outside the staff, they mostly choose not to answer; Only a few employees know that the company will buy Hummer news, but for the specific situation is not to talk about, obviously has been the company's "Password. Subsequently, the reporter finally dialed tengzhong heavy industry general manager Yang and the company another Vice-President's telephone, however, they all said that it is not convenient to disclose any information related to the matter, all can only be based on their announcements, and the reporter in Chengdu, a director of the Department of Motor Vehicles contacted, he also said that the current "  A word can not be disclosed. " "Phase" horse "rumor" settled in Sichuan early clue however, the news from the authoritative sources showed that Tengzhong and GM had already approached the issue of acquiring the Hummer brand before February this year.  On February 17 this year also reported that "Chuan-QI group is prepared to spend 500 million of dollars to buy Hummer", although confirmed that the news is not true, but now it seems that the news is not groundless, the real buyer is indeed in Sichuan, but the protagonist replaced by the Tengzhong heavy industry. People familiar with the matter said that it was the financial advisers of both sides, the exclusive financial advisor for Tengzhong, Credit Suisse and General Motors ' financial advisor, Citigroup, that brokered and GM came together. It is understood that the contacts between Tengzhong and General Motors have made substantial progress in March this year.  In the middle of March this year, General Hummer CEO James Taylor made a special trip to Chengdu, and was interviewed by the Chengdu Municipal government leaders, and then the general Hummer and Tengzhong Heavy industry in Deyang on the acquisition of a coordination meeting to further discuss the relevant acquisitions. "Production" Horse "site" new production line or set up in Chengdu for the details of the acquisition, both sides in the announcement were not disclosed.  But a takeover plan, previously learned from authoritative sources, shows that Tengzhong plans to pay 1 billion of dollars for the acquisition, including 550 million dollars for the Hummer brand, while the remaining 450 million dollars will be used to build a new Hummer production line in the Chengdu Economic and Technological Development Zone (hereinafter referred to as the Open zone).  It is understood that, according to the plan at the time, the Chengdu through the open area has been for the arrival of the Hummer prepared a plot, and in the new production line, the United States General Hummer's original core team members will also come to Chengdu, to ensure the future "Chengdu" Hummer authentic. Yesterday afternoon, the reporter and Chengdu through the opening of the relevant authorities have made contact, the future of Hummer will be settled in the open area, the official said he had already verified the matter, but the specific situation is still unclear. Subsequently, the reporter from the Tengzhong Xinjin Industrial Park Management Committee of the relevant responsible person to understand, according to the local Government arrangements, if Tengzhong successful acquisition of Hummer brand, then the new production line will be settled in Chengdu through the open area.
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