GM Announce Preliminary Agreement To Sell HUMMER to Mystery Buyer

Chinese? British construction equipment worker JCB?

Great move. Hummer is a niche brand that will be a success on the hands of the right management team.

Hummer is doomed to failure regardless of the owner... but I bet it was some Chinese auto company. Obrigado.

Could also be the Indian Company 'Mahindra', who were eyeing a deal for quite some time.

It's for the better. The corporate bureaucracy coupled with the UAW killed GM, and hopefully this will be rectified if Hummer and other brands are sold to standalone firms.

I was told today when I was servicing my car at the Hummer quick service that a Kuwaiti guy bought it!!!

New Hummer Made in China

According to sources at The New York Times, General Motors' Hummer division has been sold to a machinery company in western China. That company, Sichuan Tengzhong Heavy Industrial Machinery Company Ltd., presently doesn't build automobiles, it is known for making construction and maintenance equipment, but more recently it has segued into heavy-duty trucks. The NYT says that the memorandum of understanding between GM and Sichuan Tengzhong needs to be signed off on by Beijing officials, as the government has the discretion to veto any purchases of overseas firms by a Chinese company, particularly those transactions valued over $100 million. Hummer's final price tag isn't yet known but it is widely believed that to be under $500 million. Hat tip to IHC!

GM unloads Hummer to Chinese buyer Bankrupt automaker discloses details of plan to sell truck line to China's industrial company Sichuan Tengzhong. By Aaron Smith, CNNMoney.com staff writer Last Updated: June 2, 2009: 4:53 PM ET

OK, can the US stop pretending to be an emprie now when we cannot sell out our future fast enough. China will beat us without having to fire a shot.

sweet and sour Hummer.mmm..yummy!!

Its china, some industrial machinary maker. GM cant do that :( hummer is an american icon. must make a petition of some sort :(

a lot of US good products are made in china so nothing is new at all

Yep according to another site its the Sichuan Tengzhong Heavy Industrian Machinery Co are the new owners of Hummer.

i can almost see it.... Hummer, made in china! or taiwan, or malaysia... south korea. i hope it dies wherever it goes.. if someone doesnt turn it into a nice sedan. cool link for hummer lovers http://autos.yahoo.com/articles/autos_content_landing_pages/997/gms-junk-heap/ ...bottom page