News - Hummer
Show me the money: Hummer boss
Hummer says it expects its Chinese saviour to simply supply the cash
7 Jul 2009
HUMMER chief executive Jim Taylor expects the takeover deal by a Sichuan Tengzhong Heavy Industrial Machinery will be completed by the end of August and that Hummer will continue to operate normally under Chinese ownership.
Mr Taylor said the inexperienced Chinese company would merely be an investor and would not need to get involved in the daily management or operation of the US-based car-maker.
“All I need is cash,” Mr Taylor told China Daily, adding that he had all the operational expertise and people he needed.
Tengzhong has no car-building experience and company CEO Yang Yi is reported as saying he is happy to rely on Hummer's existing management team for the brand's ongoing operations and future product development.
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