This is what happen when you trust the Chinese! General Motors has officially announced their previously successful deal with Sichuan Tengzhong Heavy Industrial Machines regarding the sales of Hummer has failed as the Chinese company is unable to complete the acquisition. So GM will begin the orderly wind-down of all Hummer operations and will kill off the brand. They said the same thing about the SAAB, but then waited until new buyer came along! We hope that Hummer too will find a buyer soon, it’s too early for it to die.
“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.”