General Motors might finalize a deal to sell its Hummer line to a Chinese heavy equipment company, as early as next week, according to Reuters. Sichuan Tengzhong Heavy Industrial Machinery has been negotiating with GM since June to acquire the iconic auto brand. Chinese regulators still have to sign off on the deal. Financial details of the sale are not being disclosed. Plans are to sign a contract to continue building Hummers at the GM plant in Shreveport, at least through next year.
Hummer sale could be finalized next week
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