GM, Sichuan Tengzhong make a deal on Hummer
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The troubled automaker, which is 60 percent owned by the US government, is now in the process of shutting down Saturn as well as Pontiac. G.M. is also trying to complete the sale of Saab to a Swedish company, and has agreed to sell a majority stake in its European brand, Opel.
Once the brands are gone, GM will be left with four vehicle divisions — Chevrolet, Cadillac, GMC and Buick — in the American market.
Sales of the Hummer brand peaked in 2006, when Hummer sold 71,000 vehicles in the United States. This year, through September, it has sold less than 9,000.
Under terms of the agreement, G.M. will continue to make Hummers for the new owners for at least two years, at a Louisiana assembly plant. An additional Hummer model will be built at an Indiana plant. Sichuan Tengzhong will take over agreements with Hummer's 153 American dealers and 231 dealers in international markets.








