DETROIT — The Chinese company that's in the running to buy Hummer from General Motors Co. likely will locate the brand's corporate headquarters near Detroit, a spokesman said Tuesday.
Spokesman Nick Richards says Sichuan Tengzhong Heavy Industrial Machinery Corp .,which is still negotiating to buy the brand, initially will employ about 100 people at the headquarters with plans to grow that to 300.
The headquarters would house global design, engineering, product planning, purchasing, sales, service, marketing and financing departments, Richards said.
The Michigan Economic Development Authority on Monday approved a $20.6 million state tax credit over 10 years to lure the company to Michigan, Richards said. It also had considered sites in South Carolina and Tennessee.
The tax credit is contingent on Sichuan Tengzhong closing the deal for Hummer with GM.
Business, Pages 26 on 09/23/2009