The Demo Site

As expected, General Motors has announced it's entered "into a memorandum of understanding with a buyer for Hummer," but under the terms of the transaction, the purchaser hasn't been disclosed.
GM's brief release (posted after the break) scratches the surface of the plan, saying only that the deal is expected to close by the third quarter of this year, that the new investor is committed to funding future Hummer products - possibly including the H4 and a two-door H3T - and that 3,000 U.S. manufacturing, engineering and dealer jobs will be saved.
Those last two points caught the eye of PickupTrucks.com, which tapped one of its sources within GM to ask how manufacturing and dealer jobs have escaped the axe. On the manufacturing front, the H3 production facility in South Africa (which makes right-hand drive models for markets outside the States) will be shuttered and assembly will move back to the U.S. Additionally, the memorandum of understanding states that no Hummer dealers in the U.S. will closed.