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BIZCHINA> Top Biz News
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Report: Hummer deal to be reached in Sept
(chinadaily.com.cn)
Updated: 2009-08-18 14:56 China's Sichuan Tengzhong Heavy Industrial Machinery Corp is to wrap up the purchase of Hummer at the end of September, the Beijing Youth Daily reported yesterday.
Tengzhong and GM said the latter would sell its Hummer vehicle assets to Tengzhong, without elaborating on financial terms. The construction machine maker said there will be no change on Hummer's original management, and the production base will remain in the US after the acquisition. Earlier, it was reported that Tengzhong might make Hummer in China. (For more biz stories, please visit Industries)
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