A Chinese company is to buy Hummer, the General Motors brand known for its military-inspired, gas-guzzling off-road vehicles. Hummer’s sale to Sichuan Tengzhong Heavy Industrial Machinery Company will close this year, marking one of the biggest overseas carmaking acquisitions by a Chinese group. GM on Tuesday confirmed the sale to Tengzhong, a privately-owned producer of road, construction and energy industry equipment.

This entry was posted by Gwen Robinson on Wednesday, June 3rd, 2009 at 5:20 and is filed under Capital markets, M&A. Tagged with gm, Sichuan Tengzhong. Edit this entry.