Wednesday, June 3, 2009

Going, Going, Going, Gone, Hummer Sold To Chinese Company


In what was a surprise announcement, a Chinese industrial company purchased General Motors Hummer Division, the buyer, Sichuan Tengzhong Heavy Industrial Machinery Company.

The privately held company and maker of construction equipment, structural components, dump trucks, fuel tankers and energy equipment was formed in 2005 with the acquisition and merger of a few companies.

The company (Tengzhong) announced that the operations of the Hummer brand will stay in the United States and current production facilities will stay in place. It went further to state the the current management and leadership of Hummer will stay in place to provide continuity and allow for a smooth transition.

Tengzhog went further to state that the new company would make investments in new product development and expand the dealer network in other countries.

Enjoy Today!

That Car Guy

Sphere: Related Content

No comments: