October 9, 2009
Hummer to Find New Home...in China
As we reported in AutoObserver, General Motors has sold the Hummer brand to a Chinese company for less than a third of the original asking price. According to various sources, GM sold Hummer to Sichuan Tengzhong Heavy Industrial Machinery for about $150 million versus the $500 million the General was initially seeking.
After the sting of having a potential Saturn sell-off go south (resulting in the demise of that brand) GM could use a little good news.
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- John DiPietro October 9, 2009, 11:40 AM
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- Automotive Consumer News, Hummer
