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A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song

China in auto power play

It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu.  Commentary 

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AM General wins $248 mln contract for Army trucks

Tue Aug 12, 2008 5:36pm EDT

WASHINGTON, Aug 12 (Reuters) - AM General LLC won a fixed-price contract worth $248 million to build more High Mobility Multi-Purpose Wheeled Vehicles (Humvees) for the U.S. Army, the Pentagon said on Tuesday.

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Work on the contract would be completed by the end of 2009, the Defense Department said in a daily digest of contracts.

The company won two separate contracts in May for Army Humvees, a $207 million contract for 1,578 of the vehicles, and a deal valued at $522 million for 3,216 Humvees.

Investor Ronald Perelman's holding company MacAndrews & Forbes Holdings Inc in 2004 acquired a large stake in AM General, maker of Humvee and Hummer vehicles. (Reporting by Andrea Shalal-Esa, editing by Leslie Gevirtz)

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