GM will announce the sale of Opel on Thursday.
General Motors recently has been finalizing the deal to sell the Hummer brand to China’s Sichuan Tengzhong Heavy Industrial Machine Company. It now appears that Opel will likely be following suit as GM continues the downsizing of their total brands.
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Will the new chinese owned Hummer brand be headquartered in Detroit?
General Motors is currently under negotiation with Sichuan Tengzhong Heavy Industrial Machinery Corporation to purchase the Hummer brand away from them. Now there is talk that the brand name, even though Chinese owned, may be headquartered in the Detroit area.
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