Sichuan Tengzhong picks up Hummer from GM

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clpstaff &clp articles

Sichuan Province-based Chinese engineering company Tengzhong Heavy Industrial Machinery is acquiring Hummer from troubled General Motors for an undisclosed…

Sichuan Province-based Chinese engineering company Tengzhong Heavy Industrial Machinery is acquiring Hummer from troubled General Motors for an undisclosed amount.

Tengzhong will acquire the rights to the Hummer brand, along with a senior management and operational team. It will also assume existing dealer agreements relating to Hummer's dealership network and is expected to sign a long-term contract assembly and component and material supply agreement with GM.

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