General Motors is still trying to shed some of its niche businesses, selling Saab to a supercar manufacturer and attempting to slough off Saturn on a major automotive parts dealer. When it comes to its largest vehicles, it took a trip to China in a move that could leave some owners of used cars in New Jersey shaking their head.
The company announced that a memorandum of understanding is now in place to sell Hummer to a Chinese industrial manufacturer, although the base of operations and assembly will remain in the U.S., according to GM officials.
Interestingly, the press release notes that the automaker sold 8.5 million cars under the “Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling” nameplates.
Owners of used cars in New Jersey may know that only Buick, Cadillac, Chevrolet and GMC will continue to be sold as U.S. models from GM starting in 2010.
The news could hearten some who look to Hummer as a potential supplier of future used cars in New Jersey, but the press release detailed little of how the new owners would operate the brand.