"Hummer bought by Sichuan Tengzhong Heavy Industrial Machinery" - FT

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"Hummer bought by Sichuan Tengzhong Heavy Industrial Machinery" - FT

Tue Jun 02, 2009 8:49 pm by patpending

SOURCE: FT

A Chinese company is to buy Hummer, the General Motors brand known for its military- inspired offroad vehicles and seen as a symbol of gas-guzzling, road-hogging American excess. Hummer’s sale to Sichuan Tengzhong Heavy Industrial Machinery Company will close this year, marking one of the biggest overseas acquisitions in carmaking by a Chinese group.

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