General Motors Sells Hummer Division To Chinese Company

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Sichuan Tengzhong Heavy Industrial Machinery Co. of China has bought the Hummer division of General Motors.  According to Breitbart.com:

"As part of the proposed transaction, GM said, Hummer will continue to contract vehicle manufacturing and business services from GM during a transitional period. For example, GM's Shreveport, La., assembly plant would continue to contract to assemble the H3 and H3T through at least 2010."

This is an interesting development.  Will Hummers be sold in the America after this deal goes through?  Evidently there are ongoing talks to sell some of the other divisions also.  According to the article, there are 16 buyers interested in Saturn and 3 interested in Saab.  The new, smaller General Motors will focus on its Chevrolet, Cadillac, Buick and GMC divisions.

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This page contains a single entry by Granny G published on June 2, 2009 5:52 PM.

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