General Motors And Tengzhong Sign Definitive Agreement For Sale Of HUMMER
Green Car Congress
OCTOBER 9, 2009
Ltd (Tengzhong) have entered into a definitive agreement that will allow Tengzhong to acquire GM’s HUMMER brand. Tengzhong intends to purchase HUMMER through an investment entity, in which it will hold an 80% stake. It will also assume the existing dealer agreements relating to HUMMER’s dealership network.
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