Chinese company to buy Hummer - Denver Business Journal:

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When GM, which filed for bankruptcuy protection Monday, announced earlier Tuesdat that a buyer had been foundf forthe off-road vehicle line, the name was not immediately Tengzhong, a major industrial machinery group, will acquire the rightss to the Hummer brand, alonyg with a senior management and operationall team. It will also assume existingt dealer agreements relatingto HUMMER’s dealershil network. It is contemplated that Tengzhong will, as part of the enter into a long-term contract assemblh and key component and material supplyg agreementwith GM.
In an earlier statement, GM said it expectds the deal if successful to secure morethan 3,000 US The final terms of the deal, schedules to close in the third are subject to final negotiations. The cost of the transactionn wasnot revealed. is acting as exclusive financial advisorf and is acting as international legal counse l to Tengzhong onthis transaction. Citi is acting as financialk advisorto GM.