In June 2009, Sichuan Tengzhong Heavy Industrial Machinery Company Limited ("Tengzhong"), a little-known manufacturer of construction machinery and special purpose vehicles in southwest China, has the global automotive industry by surprise when it announced plans to acquire an unprofitable division Hummer premium sport-utility corporation General Motors Hummer vehicles and sport truck was relatively low fuel efficiency Sept. 16 miles per gallon. Since 2006 Hummer sales fell sharply due to rising oil prices and its negative image as a "gas-guzzler" and changes in customer preferences toward smaller sedans. Tengzhong had no experience in the light industry of the vehicle or in the management of major brand car. Since this was the first attempt at Tengzhong foreign direct investment, it was necessary for its management to determine the main obstacles in the management of its new subsidiary in the U.S. Hummer. They also had to develop a business plan to be approved by the Chinese government for the purchase, and to make the investment a success. (Note: .. The acquisition was canceled in February 2010, because Tengzhong could not be approved by the Chinese government information is provided in Appendix 1 note training for help) "Hide
by Dean Xu, Penelope Chan Source: University of Hong Kong 37 pages. Publication Date: June 24, 2010. Prod. #: HKU893-PDF-ENG
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