It seems that the time has come for Hummer to get a new home and this new home is none other than Sichuuan Tengzhong which is a well known industrial equipment company in China.
A potential deal between GM and the Heavy Industrial Machinery Co. is going to close in the 3Q of this year. A joint statement by both these companies has revealed that they are quite near to chalk a deal.
The privately owned Tengzhong is quite well known for their construction and energy equipment industry.
Under this new deal General Motors will act as Hummers contract producer for the said Chinese firm that will use Shreveport La Sichuan Tengzhong existing plant. Tengzhong has also expressed the hope that they would soon enter a new supply and assembly agreement with GM.
