Sokon unit buys US car assembly plant for $110m

SF Motors, an auto company in southwestern China's Chongqing, has signed an agreement with US heavy vehicle and contract automotive manufacturer AM General to buy the latter's commercial assembly plant, or CAP, for $110 million.

Based in South Bend, Indiana, AMG is best known for the Hummer, its civilian vehicle, and the Humvee, the military heavyweight.

Under the agreement, SF Motors, a subsidiary of Chongqing Sokon Industry Group, will acquire the land, plant and certain auto manufacturing equipment of the CAP.