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General Motors

Hummer Moves to China

Deal is said to protect 3,000 jobs.

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Victor Malafronte / Getty Images

This certainly won't help the world's largest country reduce carbon emissions: GM has reportedly signed a deal to sell Hummer to a Chinese company. GM is keeping mum on both the name of the buyer and the price, but a source tells CNN that the company is Sichuan Tengzhong Heavy Industrial Machinery Company Ltd. GM, which will begin making more eco-friendly cars on American soil, said it sold 5,013 Hummers in the first quarter, down 62 percent from the same period a year before. The deal, according to GM, should protect more than 3,000 jobs in manufacturing, engineering, and dealerships.

Read it at CNN

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