GM to sell Hummer to Chinese company - Boston Business Journal:

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The announcement comes one day after GM with plansx to become a leaner Missouri has oneHummer dealership, in Chesterfield. Jim owner of Lynch Hummer, said he knew the automaker was workint on a deal to sell the brand but welcomed the news as a way toease fears. “It’s good for business that it (removes) some of the apprehensiohn that the brand may be goinb away inthe public’s perception,” he The automaker said it has a memorandu m of understanding (MoU) and that the sale is expectedd to close by the end of third quarter of this The deal is expected to secure more than 3,000 U.S.
jobs in engineering and at Hummer dealerships around the The company said the proposesd transaction calls for the new Hummer owner to continue to contracft vehicle manufacturing and business services from GM durinvg a defined transitional time For example, under the proposed GM’s Shreveport, La., assembly plang would continue to assemble the H3 and H3T through at leasg 2010. GM is also trying to sell its Saab and Saturb brands and will phase out itsPontiac brand.