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Hummer Drives Off into the Sunset

Hummer Drives Off into the Sunset

February 25, 2010 /EIN PRESSWIRE/ Hummers may thrive in the dirt and mud, but the time has come to throw dirt on Hummer as GM’s deal to sell the oversized SUV to a Chinese manufacturer has collapsed.

Chinese regulators failed to give approval to Sichuan Tengzhong Heavy Industrial Machines Co. to buy the hulking automotive unit. GM said that it will still honor existing Hummer warranties, but the demise of the deal will most certainly lead to the death of Hummer.

Although GM will still listen to last-minute bids, the company will begin winding down its Hummer business. Most likely, Hummer will join Pontiac and Saturn as casualties of GM’s collapse.

Read more at Automotive Industry Today:

Hummer news – http://automotive.einnews.com/news/hummer

Located at http://automotive.einnews.com, Automotive Industry Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest automotive news from around the world, saving them valuable time they’d spend searching for information. New users to Automotive Industry Today can enjoy a no-obligation, one-week free trial.

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