Chinese company to buy Hummer
GM plans to sell the Hummer to China’s Sichuan Tengzhong Heavy Industrial Machinery Co. Under Tengzhong, Hummer would continue to be run from America, with H3 and H3T production continuing in Louisiana take over Hummer’s dealership and will continue to work with GM to build the vehicles. [New York Times]

Cash for clunkers agreement
The Senate closes in on the  “cash for clunkers” bill, which is designed to provide up to $4,500 credit to car buyers who trade in a gas guzzler for a new car with better fuel economy. [Detroit News]

Opels coming to Canada
Magna International, the auto parts manufacturer who led an effort to buy GM’s European Opel/Vauxhall operations, plans to overhaul the company’s model lineup, according to Bloomberg News. AutoBeat Daily also said that the company plans to begin selling imported Opels in Canada by the end of this year and begin building electric vehicles in Canada within three years. GM’s bankruptcy agreement prevents Opels from being sold in the U.S. for now. [Bloomberg]

Auto sales “less awful”
According to Automotive News, car sales inched up in May, topping 900,000 for the first time this year. Ford’s sales were off by about 26 percent, compared with May 2008, which is its lowest decline since last July. Ford’s vice president of sales and marketing,  Ken Czubay, framed this as “less awful” than expected, according to Bloomberg News.

Execs face Senate over dealer closings
Chrysler president Jim Press and GM CEO Fritz Henderson faced a heated Senate Commerce Committee during a probe into measures to their efforts to reduce their dealer body today. [Detroit News]