Chinese company to buy Hummer

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Old Jun 3rd, 2009, 05:51 AM   #1
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Default Chinese company to buy Hummer

A Chinese company is to buy Hummer, the General Motors brand known for its military-inspired offroad vehicles and seen as a symbol of gas-guzzling, road-hogging American excess.

Hummer’s sale to Sichuan Tengzhong Heavy Industrial Machinery Company will close this year, marking one of the biggest overseas acquisitions in carmaking by a Chinese group.

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