{"id":1145,"date":"2009-09-28T00:00:00","date_gmt":"2009-09-28T00:00:00","guid":{"rendered":"http:\/\/blog.njstateauto.com\/auto-industry-news\/fickle-chinese-suitor-may-affect-the-supply-of-used-cars-in-new-jersey\/"},"modified":"2009-09-28T00:00:00","modified_gmt":"2009-09-28T00:00:00","slug":"fickle-chinese-suitor-may-affect-the-supply-of-used-cars-in-new-jersey","status":"publish","type":"post","link":"https:\/\/www.njstateauto.com\/blog\/fickle-chinese-suitor-may-affect-the-supply-of-used-cars-in-new-jersey\/","title":{"rendered":"Fickle Chinese suitor may affect the supply of used cars in New Jersey"},"content":{"rendered":"

General Motors is shedding some formerly popular brands such as Pontiac and Saab<\/a>, but issues over a deal to sell the Hummer line could affect the future supply of used cars in New Jersey<\/a>.<\/p>\n

There is only one bidder, Sichuan Tengzhong Heavy Industrial Machinery from China, and the Asian company has lost the support of the national government over concerns about the fuel efficiency of Hummers as well as Sichuan Tengzhong’s inexperience in the retail market, reports Time.<\/p>\n

The automotive market for the larger vehicles is now in overseas markets, one analyst told the news provider, in spite of recent research demonstrating brand loyalty among current owners.<\/p>\n

Were the plan to go through for the Chinese purchase, a new headquarters for Hummer would be established in Michigan by General Motors, reports Reuters. The state has offered more than $20 million in tax credits over the next 10 years if the sale is made.<\/p>\n

The turmoil over future production of the niche vehicles may mean that buyers looking for their next vehicle will want to focus on used Hummers in New Jersey, as well as offerings from other makers.<\/p>\n","protected":false},"excerpt":{"rendered":"

General Motors is shedding some formerly popular brands such as Pontiac and Saab, but issues over a deal to sell the Hummer line could affect the future supply of used cars in New Jersey. 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