Hummer Sale To Chinese Firm Falls Through

On the same day that so much attention is focused on Toyota's top officials on Capitol Hill defending their company's reputation, another car company, General Motors, announced it cannot complete the sale of Hummer to Sichuan Tengzhong Heavy Industrial Machines Co., Ltd.

The announcement appears to be the death knell for the brand since the sale to the Chinese company was seen as its last chance at survival.

From GM:

"One year ago, General Motors announced that we were going to divest HUMMER, as part of focusing our efforts on Chevrolet, Buick, GMC and Cadillac going forward. We have since considered a number of possibilities for HUMMER along the way, and we are disappointed that the deal with Tengzhong could not be completed," said John Smith GM vice president of corporate planning and alliances. "GM will now work closely with HUMMER employees, dealers and suppliers to wind down the business in an orderly and responsible manner."



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