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Wednesday, June 3, 2009

GM strikes Hummer deal with China machinery maker


Sent to you by The Michael Report via Google Reader:


via Reuters: Top News on 6/2/09

DETROIT/NEW YORK (Reuters) - General Motors Corp said on Tuesday it reached a tentative deal to sell its Hummer brand to a privately held Chinese heavy machinery maker, part of an effort to drop four unprofitable vehicle lines and leave bankruptcy as a leaner company.


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