Chinese Company Buys Hummer

By: AP Email
By: AP Email

DETROIT (AP) - China's Sichuan Tengzhong Heavy Industrial
Machinery says it plans to buy General Motors' Hummer brand for an
undisclosed sum.
Tengzhong is a privately held maker of road, construction and
energy industry equipment based in the Chinese province of Sichuan.
As part of the deal, the company is expected to sign a long-term
contract assembly and component and material supply agreement with
GM.
If the deal is successful, GM says it expects it to save about
3,000 jobs.
Hummer will keep its existing management team and remain based
in the United States. Tengzhong says it expects to expand the
brand's dealer network worldwide, especially to China.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 46749292 - kbtx.com/a?a=46749292
Gray Television, Inc.