Hummer buyer in China

A PRIVATELY owned Chinese heavy machinery maker has been named as the mystery buyer of the Hummer brand from the embattled General Motors Corporation.

A PRIVATELY owned Chinese heavy machinery maker has been named as the mystery buyer of the Hummer brand from the embattled General Motors Corporation.

GM said yesterday it had reached a tentative deal to sell its Hummer brand, which went on sale a year ago, to Sichuan Tengzhong Heavy Industrial Machinery Company, part of an effort to drop four unprofitable vehicle lines. - Reuters

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