General Motors is making headway in finalising a deal to sell Hummer to Chinese machinery maker Tengzhong, a spokesman said last night.
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“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.”
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