General Motors is making headway in finalising a deal to sell Hummer to Chinese machinery maker Tengzhong, a spokesman said last night.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“Negotiations continue to progress,” Nick Richards told AFP, adding that the final deal would be announced “as soon as appropriate.”
Last June GM and Tengzhong signed a tentative agreement for the Chinese firm to buy the Hummer brand.
Since then, Richards said, “the parties have been in frequent discussions working closely to finalise a definitive agreement.”
