China Firm to Buy Hummer

June 3, 2009 at 8:11 am

An obscure Chinese construction-equipment maker plans to buy Hummer, a brawny symbol of America across the globe, from General Motors Corp. in a deal that presages the future shape of the international auto industry.

The prospective buyer, Sichuan Tengzhong Heavy Industrial Machinery Co., was announced a day after GM filed for bankruptcy protection in the U.S., and almost a year after the company put Hummer on the block (J. Stoll, S. Terlep and N. King Jr., Wall Street Journal, June 3, 2009)

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Entry filed under: Asia, Business Cases, China, Global Business, NKITA.

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