GM Signs Distribute to Vend Hummer to Tengzhong
It'. been in the works for some time and now it'. finally official.. General Motors has signed ..”definitive agreement” to sell its Hummer brand to Tengzhong,.. Chinese industrial company.
According to GM '. statement, it will continue to build both the .2 and the .3 for the new owners until June of 2011. An optional 12-month extension could push production well into 2012..
The statement also noted that the new company is exploring the possibility of . diesel-powered .3 to sell in markets outside the …. Reducing fuel consumption will be one of the new company'. goals moving forward..
