Hummer’s Chinese owners are planning to change the public’s perception through the launch of two new fuel-efficient models. Per the terms of the agreement, GM’s deal with Tengzhong gives the Chinese company access to the engineering work already done on Hummer’s H4 model, originally the HX concept.

And yes, another number, another model. According to Hummer, the H5 will retain Hummer’s off-road status but will place a heavy emphasis on fuel economy. In fact, Hummer is working on hybrid and even all-electric drivetrains.

Source: LeftLaneNews

We have a few guesses as to who might have picked up Hummer – In the past, we’ve discussed several interested parties who wanted to take General Motor’s brand into the next decade. Everyone from Chinese Defense Contractors to electric car manufacturer Raser Tech wanted in. Hopefully one of them will produce the long awaited H4 EV Concept:

GM would not only keep quiet about the buyer’s identity, but also the price Hummer was sold at. One thing has been made public, the deal will close by the end of September. We can’t imagine the price was too high – as CNN Money reported that “GM said it sold 5,013 Hummers worldwide in the first quarter, down 62% from the 13,050 that it sold in the same period the prior year.” We are betting on Raser – and the fact that they are keeping their yaps shut may be thanks to the fact that their 100 MPG Hummer only got 33 MPG, and the obviously staged Washington DC reveal last month. Raser would also keep Hummer in America – and you can’t get more Apple Pie than a 2-Ton SUV.