The new owner of Hummer plans to add new engine, transmission and model options

Low sales, growing public concern for the environment and the crisis have weakened General Motors so much that it has been looking for manufacturers to sell Hummer to. Offers have not been lacking, and the buyer will be Tengzhong, the Chinese industrial machinery manufacturer, which has signed a memorandum of understanding with GM and the purchase is likely to be completed by the end of the year.

The agreement guarantees more than 3,000 jobs in the US, in manufacturing, engineering and Hummer dealerships. The transaction includes aggressive investment plans to fund future Hummer products which, as was revealed today, will include new models and new engine and transmission options.

In an interview with Automotive News, Hummer CEO Jim Taylor revealed that Tengzhong will keep the 150 Hummer dealerships in the US and that they are having difficulties complying with the new fuel economy measures.

To meet these new measures by 2016, Taylor confirmed that there will be some product changes:

We will see a broader line-up. This means more engine, transmission and model options that comply with federal regulations.

One of these new models could be the Hummer H4, which has been speculated about since 2007. To oversee the changes, Tengzhong will keep Taylor as CEO, and as Hummer’s headquarters will be established in the US and China, GM’s commercial services will also be available for some time.

Via | Motor Authority