Acquisitions will Tengzhong Hummer Brand

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Chinese machinery producers, will acquire the brand Tengzhong sport-utility vehicle (SUV) Hummer's U.S. automotive giant General Motors (GM). These two companies announced Friday (9 / 10).

As reported by AFP, wanted to buy the Hummer Tengzhong through an investment entity. Later, the company will have a 80 percent stake. Suolang Duoji, with a holding of private entrepreneurs who, among others consists of industrial chemical producers are listed in Hong Kong, Lumena, will have the remaining shares.

However, the financial terms of the acquisition was not disclosed. GM and Tengzhong in early June and then signed a tentative agreement for Chinese companies to buy a car nameplate known wasteful fuel.

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