Potential deal points leaked concerning Tengzhong's purchase of Hummer

As the Opel transaction takes on Biblical intrigue, the Hummer exchange goes on in another dark corner, laboriously, like the gestation of an elephant. The latest report from a Chinese news website states that General Motors and Tengzhong "might sign an agreement" this week, but that strikes us as exceedingly optimistic seeing that there's been no word on the government approving the deal yet.

Slightly more believable are the supposed deal points that would guide Tengzhong's initial ownership of Hummer: Tengzhong will own all of Hummer's intellectual property rights and sales network, but would not build Hummers in China and would operate the company as an off-shore entity based out of Detroit or Nashville. General Motors would continue to build Hummers until 2012 and provide "technical services," and Tengzhong would continue to fund research and development, while the "off-shore" Hummer team (read: probably the folks doing the job now) would be responsible for launching the new H3 and H4. As for that H4, though, the article lists them as "CUV models." If the H4 is a CUV, we hope they manage to make it look like the 2008 Hummer HX concept shown above.

Tengzhong reps are headed to Detroit to continue discussions. The General's response, according to the CEO of Hummer is that "Negotiations continue to progress and the transaction will be announced upon the signing of the definitive agreement as soon as appropriate." Hat tip to Emilio!

PSA Peugeot Citroen in Russia

Mhmm… Crisis in Russian? Do you know as it looks? Do you know what is it?

That’s a photo of some airport near St. Petersburg in Russia. A few years ago it was looking like this. Today its looking like this.

Now it’s stiffly stuffed with unsold PSA Peugeot Citroen cars.

Russian PSA’s dealers say that they got too much overstocked with this inventory and now they simply use all free territories available to cheap pack them with thousands of cars.
As we know it’s not too good for cars to stand at open air under the Russian weather which is far not stable.

Officially Official: Happy 50th - MINI Coupé Concept

Rumors have been swirling for months about what BMW would do on August 26, 2009 for its Mini brand. After all, that is the fiftieth anniversary of the public debut of Alec Issigonis' original Mini. With most of the speculation revolving around either a coupe or some kind of cropped windshield speedster, it turns out the reality was somewhere in between. Unlike the original coupe of the Sixties that simply had a fastback replacement for the standard square-back roof, the new MINI Coupé Concept completely replaces everything from the beltline up. The upright windshield that has been part of the Mini look from day one is finally swept back and a truncated roof covers the remaining two seats.

All pretenses of being a four seater has finally been dispensed with for the new coupe. The shape of the roof indicates that should Mini move ahead with production, and it could easily be replaced by a folding fabric unit to create the anticipated speedster model. What's more, dumping the rear seats means Mini could theoretically add a hefty brace back there restoring some of the structural integrity lost in the standard convertible, or perhaps restore some cargo room as compared to the Cabrio. At this point, it's unknown if those B-pillars are are tinted glass or just big solid blind spots, but visually, the lower half of the car remains pretty standard R56 John Cooper Works.

Although we don't have images of the interior yet, it sounds like it's largely standard Mini, although there are two clocks hanging off the sides of the steering column mounted tachometer much like the so-called Openometer in the convertible. One tells time while the other is a stopwatch for recording laps. The MINI Coupé Concept will be shown publicly at the Frankfurt Motor Show next month alongside the production version of the new Crossover.

TECHART program for Porsche Boxster/Cayman

Porsche upgrader TECHART presents its new individualization options for the newest Boxster and Cayman models. Features include two Aerokits, daytime running lights, a set of sport springs, as well as carbon interior packages. "Our upgrade options enhance both the exterior and the interior, fulfilling our clients' desire for more individual exclusivity," explains Tobias Beyer, spokesperson for TECHART Automobil GmbH.