Showing posts with label Hummer. Show all posts
Showing posts with label Hummer. Show all posts

Wednesday, February 24, 2010

Is Hummer Dead?


Hummer appears to be history, but as we saw with Saab it may not be dead yet.

Nick Bunkley of The New York Times reports:
Hummer, the brand of big sport-utility vehicles that became synonymous with the term “gas guzzler,” is being shut down after a deal to sell it to a Chinese manufacturer fell apart, General Motors said Wednesday.

G.M. said only that its planned sale of Hummer to the Sichuan Tengzhong Heavy Industrial Machines Company “cannot be completed,” without giving a reason, but the $150 million deal had been stalled as the companies awaited approval from the Chinese government. G.M. had been trying to sell Hummer for a year, and struck a preliminary deal with Tengzhong last June.