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According to GMSA, the Chinese machinery company -- Sichuan Tengzhong Heavy Industrial Machinery Company, based in Chengdu, western China -- that has allegedly paid less than $500-million for Hummer is going to continue investing in and developing the brand. It will also be the only Chinese company to sell vehicles in North America, something the Chinese have been trying to do for a long time. Given the questionable track record of most Chinese carmakers on safety and reliability (the primary reason why they don't sell in North America and most European countries), I don't think Hummer has found the best foster parents in this new company, which isn't technically a carmaker yet. Tengzhong is said to manufacture road equipment, including road maintenance machinery and heavy-duty trucks.
The U.S. Army is assuring people that General Motors' deal to sell its Hummer brand to a Chinese company has nothing to do with the military version of the rugged vehicle. Officials said some people called the Pentagon, Capitol Hill and AM General LLC, the company that makes the military vehicles, asking if the rights to the Humvee had been sold to the Chinese. Steve Clawson, spokesman for the South Bend, Ind.-based AM General, said the military and civilian programs are separate. "GM's proposed sale of the civilian Hummer brand would have no impact on the military Humvee program," he said.
a Chinese company with no experience building personal vehicles was able to buy Hummer
a Chinese company with no experience building personal vehicles was able to buy Hummer