GM to Sell Hummer Line
GM announced the sale to an unnamed buyer day after the Big Three automaker filed for bankruptcy.
General Motors
(GM) - Get Report
continues to wheel and deal a day after filing for bankruptcy, as it revealed it had found a buyer for its Hummer line.
GM did not name the buyer, but that was expected to be announced later Tuesday.
The deal is expected to close by the third quarter and should save more than 3,000 jobs in the U.S., according to
Automotive News.
This article was written by a staff member of TheStreet.com.
