GM Sells Hummer for $150 Million To China’s Sichuan Tengzhong
Friday, October 9th, 2009In an honest attempt to streamline its business, General Motors has agreed to terms with China’s Sichuan Tengzhong Heavy Industrial Machinery for its Hummer brand. The deal is reportedly worth $150 million giving an 80% stake to the Chinese company and 20% to a private investor. The main question that many are asking is if the H2 SUT, H2 SUV, H3 SUV and H3T will continue to be manufactured in the U.S. or if the new owners will move operations to its motherland. If we were to guess, it’d be the latter. The lower labor rates would help to reduce the costs of manufacturing the world’s single most complex consumer product.
With the demise of Pontiac and Saturn, and the subsequent sale of Hummer, GM’s new fit & trim makeover will help it to compete with the world’s automakers. Chevrolet, Cadillac, Buick and GMC are the only brands which remain.











