GM nearing HUMMER deal with Chinese company
Talks over who GM could sell HUMMER to have been in the works for some time not but it seems the company is finally nearing a deal.
GM says that they are currently in talks with China based Tengzhong who, if the deal goes through, would hold ownership of the HUMMER brand along with all aspects of the business including senior management and dealership agreements.
To combat the displeased Americans who think HUMMER should stay an American brand, GM says that if this deal were to go through more than 3,000 jobs would be saved.
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Tags: chinese automaker, economy, recession, tengzhong