Thursday, May 6, 2010

Sichuan Tengzhong GM Hummer Buyer

Sichuan Tengzhong GM Hummer Buyer

The question of Who bought Hummer? is answered. Sichuan Tengzhong is buying General Motors' Hummer Brand!

NEW YORK (CNNMoney.com) -- General Motors Corp. has signed a deal to sell its Hummer truck unit to a Chinese industrial company, a person with knowledge of the deal said Tuesday.

The news comes a day after GM filed for bankruptcy protection in New York. The company did not identify the buyer nor name a price, saying only that the deal would close by the end of September.

But a source identified the buyer as Sichuan Tengzhong Heavy Industrial Machinery Company Ltd. in China.

Do you American guys afraid of a Chinese company to control a respected auto brand?

No comments:

Post a Comment