All-American Hummer Goes Chinese




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General Motors has sold its Hummer division to Sichuan Tengzhong, a Chinese industrial manufacturer of construction and utility vehicles.  Though the company has never managed a car line (only industrial-grade heavy trucks), it was able to win over GM brass by promising not to push any serious layoffs in the short-term future.  Sichuan Tengzhong bought the once-prospering SUV brand for less than $500,000,000.  One South African factory will be shutdown, but the core American plant will remain in the service its new Chinese masters.  Oh, to be an American!

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