With its darkhorse purchase of GM's iconic Hummer brand nearly complete, Tengzhong, an obscure machinery maker unknown even to it domestic peers, will have to figure out what to do with the loss-making company. "The acquisitions have raised the profile of China Inc. But how to turn around...
The Lincoln company produced the L series after World War I. Sales of the vehicle, packing an 81-horsepower V8, were disappointing and the company ran into financial difficulties. The company was forced to sell to Ford Motor Co., which made the luxury vehicle a star in it...