General Motors And Tengzhong Sign Definitive Agreement For Sale Of HUMMER
Green Car Congress
OCTOBER 9, 2009
General Motors and Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong) have entered into a definitive agreement that will allow Tengzhong to acquire GM’s HUMMER brand. Tengzhong intends to purchase HUMMER through an investment entity, in which it will hold an 80% stake.
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