U.S. media said the Hummer brand will be sold to GM Sichuan Tengzhong
the morning of June 1, local time, General Motors (GM) will hold a press conference, Chief Executive Officer Fritz * Henderson will be officially announced, this was 80 years dominated the world’s number one auto giant filed for bankruptcy protection. General Motors will seek to reorganization of assets, serious losses which will seek to sell Hummer brand. The picture shows the new Hummer, the pictures. Zhang Wei agency issued photo
data for: U.S. light armored Hummer urban warfare type
China news agency, Washington, June 2 (Reporter Wu Qingcai) – in general,” the nest ” military off-road vehicles known brands – HUMMER is finally being far away in the East China “horses” phase.
more than 2 U.S. media reported the news. The report quoted anonymous sources as saying that General Motors Corp. reached a preliminary agreement to Hummer (Hummer) brand sold to Sichuan Tengzhong Machinery Co., Ltd..
correspondent in common 2 released a statement confirmed the Hummer brand has reached an agreement to sell the message. However, the statement said, according to the recording equipment provides hope, at this time reveal the Hummer brand buyer inconvenience and agreements involving specific financial information.
GM said in a statement, the transaction is GM’s Hummer brand for a strategic assessment and the company rebuilt the inevitable result. The transaction is expected to be completed in the third quarter, but must also be subject to customary closing conditions, including approval by the relevant laws.
said in a statement that the transaction is expected to ensure nationwide and production, development and Hummer dealership-related more than three thousand jobs. Stipulated in the contract transition period, the Hummer brand vehicles will continue to work with General Motors vehicle service contracts to sign.
GM within 90 days to complete restructuring plan, hoping to change the size of a leaner, more competitive car manufacturers. As part of the restructuring plan, GM has said is prepared to abandon non-core Hummer (Hummer), Saab (Saab), Saturn (Saturn) and Pontiac (Pontiac) and other auto brands.
It is reported that Sichuan Teng Heavy Machinery Co., Ltd. is a production of special vehicles, bridge components, building machinery, petrochemical equipment in one of the four series of heavy machinery and equipment manufacturing companies, is a joint venture in Chengdu in Sichuan Province City developed private enterprises.
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