General Motors (GM) has agreed to sell its iconic Hummer brand to Chinese firm Sichuan Tengzhong Heavy Industrial Machinery for an undisclosed fee.
The two parties had been in talks about the sale for a number of months.
GM is in the process of selling and winding up a number of brands as it looks to reorganise after emerging from bankruptcy protection in July.
At the start of this month, the troubled carmaker announced it would be winding down its Saturn brand.
This was after the proposed sale to Penske Automotive Group collapsed.
GM has already announced that it is discontinuing the Pontiac brand, and is close to finalising the sale of its European brands Saab, Opel and Vauxhall. GM plans to reinvent itself by concentrating on fewer brands following bankruptcy protection, made necessary after car sales plummeted during the downturn.
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