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The year 2010 was really a memorable one for General Motors as they were able to beat all their sales and marketing targets. However, they not only met their targets, but achieved far better than what they had achieved in the year 2009. Recently, General Motors announced that they had delivered 8,389,769 vehicles across the globe in the year 2010 which means that they were able to deliver 12.2% more from the number of vehicles they had delivered in the year 2009. As per their reports, General Motors were only able to deliver 7,477,178 vehicles in the year 2009.

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.

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