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General Motors Sells Hummer to Tengzhong

Drew Dowdell
in Industry News

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General Motors and Tengzhong Sign Definitive Agreement For Sale of HUMMER

hummer-logo.jpg

DETROIT and SICHUAN, Oct. 9, 2009 - General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong), today announced that the companies have entered into a definitive agreement that will allow Tengzhong to acquire GM's premium all-terrain HUMMER brand.

Under the terms of the definitive agreement, the buyer will acquire the ownership of the HUMMER brand, trademark and tradenames, as well as specific IP license rights necessary for the manufacture of HUMMER vehicles. The buyer will also assume the existing dealer agreements relating to HUMMER's dealership network.


:forum: Discussion: GM sells Hummer to Tengzhong
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