http://www.demorgen....r-overnemen.dhtml

Translation:

Today, a day after it petitioned for protection from its creditors, the American auto builder General Motors (GM) has announced that the Chinese group Sichuan Tengzhong Heavy Industrial Machinery wants to buy its all-terrain brand Hummer.

Earlier today, GM announced it had signed a memorandum of agreement for the sale of Hummer, but did not want to disclose the buyer. The two parties signed the memorandum but still have to negotiate the final accord.

Both parties refuse to divulge any information about the amount involved, but analysts expect a total of less than $500 million. The Chinese group wants to expand the sale of Hummers to more countries, including China. (belga/edp)