DETROIT (AP) — General Motors Corp. took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands.

China’s Sichuan Tengzhong Heavy Industrial Machinery Co. said Tuesday afternoon that it reached an agreement to acquire the brand from GM for an undisclosed ammount. The Detroit automaker had announced Tuesday morning that it had a memorandum of understanding to sell the brand of rugged SUVs, but it didn’t identify the buyer.

Thanks Taymoor



This entry was posted on Wednesday, June 3rd, 2009 at 8:10 am

3 Responses to “Chinese company to buy Hummer from GM”

  1. Bu Yousef says:

    They’ve renamed it Hummel šŸ™‚

  2. q80saracen says:

    Hmmm…I hope they can maintain the quality…maybe cheap labor costs will bring more options for the same, or lower price…

  3. Marzouq says:

    Now made in China, hopefully it doesn’t fall apart!