Did the Hummer brand finally get sold to a company in China?
In short, yes it did!
After several months of mid year speculation on whether the deal between the U.S giant General Motors and Chinas Heavy Industrial Machinery co would ever come to fruition it looked at one point like an agreement could not be reached. The deal finally got signed and sealed in the latter part of 2009 at an estimated $150,000…that is a whole lot of Hummers, branded laptops, hummer aftershave and all of the other products the notorious Hummer brand have stamped their name on.
It is reported that GM will continue to manufacture the vehicle up until 2012 whereby it will hand over the reigns to the chinese firm. This sale justifies Chinas’ hungry ambition to become a global leader although with troubled times in the automotive market it will be interesting to see how the Chinese company will revive the brand. We will keep you up to date with future plans for the H2, H3 and hummer concept car versions, some of them look very exciting indeed!
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