GM to Sell Hummer to China’s Tengzhong
General Motors Corp., seeking to shed assets to emerge from bankruptcy, agreed to sell the Hummer sport-utility vehicle brand to China’s Sichuan Tengzhong Heavy Machinery Co.

Tengzhong will assume Hummer’s dealer agreements and a senior management team, the companies said in a joint statement yesterday. GM and Tengzhong also plan to form a long-term contract assembly and supply agreement. Hummer is worth an estimated $500 million, GM said in bankruptcy court documents. <


Anonymous said... @ June 03, 2009 10:43 PM

Hummer will never be the same again. Watch out for the recalls and the cheap lead paint.

Anonymous said... @ June 03, 2009 10:44 PM

No happy ending here.

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