The Sichuan Tengzhong H3

GM unloads Hummer to Chinese buyer


General Motors Corp. has struck a deal to sell its Hummer truck unit to a Chinese industrial business, the two companies confirmed Tuesday.

Privately owned Sichuan Tengzhong Heavy Industrial Machinery Company Ltd., based in China, will acquire the truck brand, which has been part of GM since 1999. Tengzhong said it plans to keep Hummer's management team.

"We plan to ... allow Humer to innovate and grow in exciting new ways under the leadership and continuity of its current management team," said Yang Yi, chief executive of Tengzhong.

Yang said the deal "will allow Hummer to better meet demand for new products such as more fuel-efficient vehicles in the U.S."

Comment: I still can't spell "Hyundai" (I had to look it up!) and I sure cannot pronounce "Sichuan Tengzhong". Opens the door for Chinese vehicles in the US. Could be a good thing!

1 comment:

  1. Hopefully they are able to produce an economic hummer. I know it is possible as I have read stories of a person who turns them into 60mpg cars with less than 5% non-stock parts.


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