GM Strikes Hummer Deal

Buyer, price not disclosed
By Matt Cantor,  Newser User
Posted Jun 2, 2009 7:21 AM CDT
A Chevrolet Corvette is reflected in a Hummer H3T at a General Motors dealership in Burlingame, Calif., Monday, June 1, 2009.    (AP Photo/Paul Sakuma)
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(Newser) – General Motors has announced a "tentative" plan to sell its Hummer brand to a buyer who could take control by the end of the third quarter, says the Wall Street Journal. The firm didn’t say who was buying it or for how much, but noted that the purchaser plans to continue growing the brand portfolio and eventually create alternative-fuel Hummers. GM will keep building Hummers for the new owner “through at least next year,” the Journal notes.