Market & Industry
GM to shut Hummer after China deal fails

General Motors will wind down its Hummer brand after China's regulators rejected a $150 million bid by Chinese machinery maker Tengzhong to buy the money-losing SUV line.

Feb. 25 , 2010
SAIC to be GM car JV's majority shareholder

SAIC Motor Corp has won regulatory approval to acquire an additional 1% stake in Shanghai GM to control its currently 50:50 car venture with General Motors, Shanghai Daily reported today.

Feb. 24 , 2010