GM to sell Hummer to Chinese company - Business First of Louisville:

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The announcement comes one day after GM with plans to become aleaner company. Missouri has one Hummer in Chesterfield. Jim Lynch, ownerf of Lynch Hummer, said he knew the automakef was working on a deal to sell the brandc but welcomed the news as a way toease fears. “It’s good for business that it some of the apprehension that the brandx may be going away inthe public’s perception,” he The automaker said it has a memorandum of understanding and that the sale is expectefd to close by the end of thirs quarter of this year. The deal is expectedx to secure morethan 3,000 U.S.
jobs in engineering and at Hummer dealerships around the The company said the proposed transaction callz for the new Hummer owner to continuew to contract vehicle manufacturing and business servicexs from GM during a definedc transitionaltime period. For example, unde the proposed agreement, GM’s Shreveport, La., assemblh plant would continue to assemble the H3 and H3T throughg atleast 2010. GM is also tryinh to sell its Saab and Saturn brands and will phased out itsPontiac brand.