General Motors Corp. identifies China’s Sichuan Tengzhong Heavy Industrial Machinery Co. Ltd. as the buyer for its Hummer luxury SUV division. GM says advanced talks with Tengzhong call for the industrial machinery group and special-purpose-vehicle maker to acquire the Hummer brand, as well as its senior management and operational team for an undisclosed amount. Tengzhong also will enter into a long-term agreement calling for GM to provide contract assembly services and supply key ...
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