CARS BLOGS
CARS BLOGS
category: cars
02 Jun 2009
related tags: News | SUVs | Luxury | GM | hummer | sale | transaction |

from CNNMoney.com:

NEW YORK (CNNMoney.com) — General Motors Corp. said Tuesday that it has signed a deal to sell its Hummer truck unit, just one day after filing for bankruptcy.

But GM (GMGMQ) would not identify the buyer nor name a price, saying only that the deal would close by the end of September.

GM had revealed in April that it was courting three serious offers for the Hummer brand. The automaker would not confirm Reuters’ report that offers ranged from $100 million to $200 million.

Read more HERE