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[singlepic id=1042 w=630 h= float=] General Motors (GM) have officially announced on the same day as they posted a $4.3 billion loss for the second half of 2009. They will be shutting down the Hummer SUV brand and big discounts to move the remaining 2,200 vehicles since the chinese is not buying over it.   Buyers from USA can get $6,000 rebates ...

General Motors Corp. has struck a deal to sell its Hummer truck unit to a Chinese industrial business. A privately owned Sichuan Tengzhong Heavy Industrial Machinery Company Ltd., based in China, will acquire the truck brand, which has been part of GM since 1999. Tengzhong said it plans to keep Hummer’s management team. “We plan to … allow Humer to ...

  According to a report by the Wall Street Journal, GM plans to announce a tentative sale of the Hummer brand less than a day after filing for Chapter 11 bankruptcy protection. Although GM won’t release the name of Hummer’s possible future owner, the sources say that a deal could be struck by the end of the third quarter and the ...