Hummer finally sold for US$150 million


Posted on October 11, 2009 12:00 AM

GM has confirmed that it will sell Hummer to China's Sichuan Tengzhong Heavy Industrial Machinery Company for US$150 million. Tengzhong will hold an 80% stake while the remainder will be taken by Hong Kong-listed Lumena Resources Corporation. GM 's plant in the USA will continue to make Hummers till 2011 (2012 at the latest) after which Tengzhong will take over production. Talk about this news in the MTM Forum.

 

 

 

 

 

 
 
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