DESPITE FEARS earlier this year that the Chinese Government would block the sale, General Motors and China’s Sechuan Tengzhong have reached an agreement for the sale of Hummer.

Financial details have not been disclosed by either party, but the agreement will see Tengzhong purchase Hummer through an investment entity, in which the manufacturer will own [...]

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Dwindling sales might be the least of the problems facing GM’s Hummer brand with reports indicating that negotiations with potential buyers Changfeng and Mahindra & Mahindra (MM) have dissolved. It’s no secret that GM has been looking to off-load the marque for a while now, but it appears parting company with the iconic brand may [...]

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