General Motors, who filed for Chapter 11 bankruptcy on Monday, has sold its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co. Ltd., according to the New York Times. GM has been somewhat tight-lipped on the sale, saying Tuesday it had found a buyer for their Hummer brand but declined to say who the buyer was or how much they would pay for the company.
The Hummer has been in serious trouble since the near recession, sky-rocketing gas prices, as well as a growing public interest in more fuel efficient and environmentally friendly vehicles. The Hummer’s buyer, Sichuan Tengzhong, based in Chengdu, China, has been expanding its products to include heavy vehicles.
GM says they hope the sale of the Hummer brand will save more than 3,000 U.S. jobs in manufacturing, engineering and at various Hummer dealerships.
Currently I’m writing this post in Florida at an Orlando Car Rental place. Thankfully they do not have hummers laying around to be rented, I’m just waiting until they sort out getting me my hybrid!



