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ShareAccording to The Associated Press report, General Motors’ plan to sell its Hummer brand to a Chinese maker of heavy equipment has been delayed by a month. GM is selling Hummer to focus on the core brands Chevrolet, Cadillac, Buick and GMC.
G.M. and Sichuan Tengzhong Heavy Industrial Machinery said Monday that they were extending the deadline to complete the transaction until Feb. 28 pending final approval by the Chinese government. The previous deadline was Jan. 31 for a definitive agreement to sell the brand once synonymous with America’s love for big off-road vehicles.
Nick Richards, a spokesman for Hummer, said the deal had cleared American regulatory hurdles. He said both companies were optimistic the deal would be completed by month’s end.
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Topics: General Motors’ plan,hummer accessories,Hummer brand,hummer brand news
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