GM to sell Hummer to Chinese company - Business Courier of Cincinnati:

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The announcement comes one day after GM with plansa to become aleaner company. Missouri has one Hummer dealership, in Chesterfield. Jim owner of Lynch Hummer, said he knew the automakeer was working on a deal to sell the brancd but welcomed the news as a way toease fears. “It’s good for businesx that it (removes) some of the apprehensionh that the brand may be going away inthe public’s perception,” he The automaker said it has a memorandum of understandingf (MoU) and that the sale is expectedc to close by the end of third quarter of this The deal is expected to secure more than 3,00p0 U.S.
jobs in manufacturing, engineering and at Hummerd dealerships aroundthe country. The company said the proposex transaction calls for the new Hummer owner to continuse to contract vehicle manufacturingf and business services from GM durinf a defined transitionaltime period. For under the proposed agreement, GM’s Shreveport, La., assembly plant woule continue to assemble the H3 and H3T throughb atleast 2010.
GM is also trying to sell its Saab and Saturm brands and will phase out itsPontiac