Teng acquisition of Hummer in the clear signs of speculation in the whole process - General Motors,

Published: 13th April 2011
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25 am Beijing time, General Motors announced in Detroit, can not be fulfilled due Teng acquisition for the Hummer, the deal fails, GM will gradually shut down the operation of the Hummer. Buy Hummer fruitless, is Teng in itself does not have the strength or the relevant government departments will not be approved? Teng did not pull out a victory in there room? Transaction failure for both sides mean? Teng in the process of acquisition of Hummer obvious speculation was suspected.



In accordance with the agreement reached last year, Teng that should be completed in January of this year delivery, the absence of relevant departments of the Chinese Government approval, in general to allow extension of Teng 1 month, but nearly the end of in Feb., "get government approval" impossible task.



Stuck atop approval, in the end is "not received any takeover application" or "not approved", the competent departments ambiguous position. Industry analysis, although the authorities outside "the acquisition of applications not received," but essentially the Government's attitude is very clear, and for the acquisition of Proton in the Hummer, do not agree.




The amount of 150 million U.S. dollars acquisition, is not large in absolute terms, but more than 100 million U.S. dollars to declare the provisions of the State Development and Reform Commission and other departments. From Tengzhong last year's "turned out to" process, it is estimated that this private enterprises reached a preliminary deal with Universal and released before, and there is no formal application to the Chinese authorities, "before reporting" very likely, the Chinese government for This "sea without permission," there had not approved precedent.



Acquisition failure is the outcome of the taste for the different parties, the biggest losers of course GM. Better price of the Hummer brand was originally intended to take over now no one can only close down a shutdown corner. The Tengzhong obviously be greater than the losses from an unknown local private enterprises became the world-renowned companies, although the acquisition did not succeed, but the corporate reputation and brand image has been greatly enhanced, than to spend huge sums of money to create ads for business promotion are much more efficient and effective, can be said to serve multiple purposes.




NDRC chief auto analyst with the price monitoring center XD believe that the incident looked like "a need for business development opportunity to speculation behavior", this drama hidden mystery of the beginning of the acquisition was majority against it. A decline of non-environmentally friendly energy development trend of the Hummer brand to be sold to the Chinese people after the Americans out, I believe any rational company will not have acquired a reckless act, but had never produced in Proton cars Heavy Industries has come out bent on the acquisition, Is Known as the play to see how all the speculation, revealed a deep mark.



China Automobile Dealers Association, told reporters that person, Hummer, as the case will not affect the acquisition fails to enter the Chinese automobile enterprises to overseas pace.



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