GM sells Hummer to a Chinese maker

A day after GM filed bankruptcy,  GM has found a buyer for its iconic brand Hummer. Though GM has not divulged who is the buyer and how much the buyer paid. It is reported to be bidding between $150 million and $250 million to buy Hummer from GM. However, as part of the deal with Sichuan Tengzhong GM would continue to produce Hummers till 2010. GM sold 27,485 Hummers in US last year, which  is down 51 per cent from 2007

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