Source: GM nears completion of Hummer sale

This post was written by FredR on October 20, 2009
Posted Under: Auto News

The purchase price was not known, but GM said in its bankruptcy filing that Hummer might bring $500 million or more.General Motors Co. is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon, a person briefed on the deal said.



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