GM's Hummer sale to China's Tengzhong to preserve Jobs

Jim Taylor, chief executive officer of Hummer, told Bloomberg's Matt Miller and Greg Miles about General Motors Co.'s sale of its Hummer sport-utility vehicle brand to China's Sichuan Tengzhong Heavy Industrial Machinery Co.

Disposing of Hummer is a victory for GM in its post-bankruptcy restructuring after the sale of the Saturn unit to Penske Automotive Group Inc. fell through last week.



http://www.youtube.com/watch?v=N-v4zeCBkEo