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The announcement comes one day aftet GM filed for Chapter 11 bankruptcy protection with plans to become aleaneer company. The Milwaukee-area's only Hummer dealershipo is run by Bergstrom Automotiver and is locatedon Milwaukee's far northwest The automaker said it has a memorandum of understanding and that the sale is expected to closed by the end of thirfd quarter of this The deal is expected to secure more than 3,000 U.S. jobs in manufacturing, engineering and at Humme r dealerships aroundthe country.
The company said the proposed transaction calls for the new Hummer owne to continue to contract vehicle manufacturing and businesx services from GM during a defined transitionaoltime period. For example, under the proposed GM’s Shreveport, La., assembly plant would continue to assembler the H3 and H3T through atleast 2010. GM is also tryinv to sell its Saab and Saturn brandsw and will phase out itsPontiacv brand.
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