GM Sells Hummer

When a huge corporation goes bust, it leaves billions owing to companies all over the world. A day after it filed for bankruptcy protection, General Motors said Tuesday that it had reached a deal to sell its Hummer brand of large trucks but without naming the buyer !
“Hummer is a strong brand,” Troy Clarke, the president of G.M. North America, said in a statement. “I’m confident that Hummer will thrive globally under its new ownership. And for G.M., this sale continues to accelerate the reinvention of G.M. into a leaner, more focused, and more cost-competitive automaker.”

Hope the new owners are Germans !

Update : Some Contrast just posted about the owner and they say it's Chinese. To read more click here.