The all new Dodge Challenger American muscle car is back and ready to give those Ford Mustangs and Chevy Camaros a run for their money. Sporting a 6.1 370 cu in Hemi V8 and 6 speed Manual Transmission, the this third generation of the Challenger means business. In this particular SRT version is very rare due quantity. You don’t want to race him!

New Challenger Muscle Car

 

Challenger Muscle Car

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New Dodge Challenger

Filed under: SUV, Government/Legal, GM, Hummer, Off-Road

General Motors has reached an agreement to offload Hummer onto China’s Sichuan Tengzhong Heavy Industrial Machinery, with Tengzhong taking an 80 percent stake and a private investor consuming the rest.

Details on the deal (available in the press release after the jump) include Hummer contacting vehicle manufacturing from GM, with the General’s Shrevport and Mishawaka plants continuing to produce vehicles through June of 2011, with a possible extension until 2012. A recent report says the sale will net GM around $150 million, although the transaction still has to be approved by both U.S. and Chinese regulatory agencies, which could come later this year or in early 2010.

Tengzhong, which only produces commercial trucks and industrial equipment, has never entered into consumer vehicles before, but according to Yang Yi, chief executive officer of Tengzhong. “We are excited about some of the initiatives already underway at HUMMER that we believe our investment will be able to accelerate, particularly related to the creation of the next generation of more fuel-efficient vehicles to meet not only future regulations but also customer expectations.”

[Source: GM | Photo by Scott Olson/Getty]

Continue reading BREAKING: GM officially sells Hummer to China’s Sichuan Tengzhong

BREAKING: GM officially sells Hummer to China’s Sichuan Tengzhong originally appeared on Autoblog on Fri, 09 Oct 2009 13:13:00 EST. Please see our terms for use of feeds.

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BREAKING: GM officially sells Hummer to China’s Sichuan Tengzhong