General Motors has announced that the proposed deal with China’s Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) over the sale of HUMMER cannot be completed and as a result the brand will be wound down.
The deal with Tengzhong was expected to secure more than 3,000 U.S. jobs in manufacturing, engineering and at HUMMER dealerships around the country. The transaction would have also included plans by the Chinese firm to aggressively fund future HUMMER product programs, including possibly a compact H4 model.
Unfortunately, poor sales, growing public concern for the environment and the recession all added up to weaken HUMMER's sales chances, and it appears that the compounded affects have finally taken their toll.
GM will continue to honor HUMMER warranties, while providing service support and spare parts to current owners around the world.
For an overview of HUMMER’s short-lived time in the sun, check out Marty Padgett’s extensive report over at TheCarConnection.com.
[GM]
Use the form below to send us a tip, give us feedback, or just say hello.
Have an opinion?Join the conversation!
By Saabaru5 Posted: 2/24/2010 3:00pm PST
And I hate to pee in your cheerios 54chevyman, but GM's days of leading are over, no more world domination (FINALLY!).
The off-road legacy will be left to (Fiat/)Jeep where it belongs.
HUMMER - coulda, shoulda, woulda.. Good riddance HUMMER
By NoNameDenton Posted: 2/24/2010 3:40pm PST
By bepsf Posted: 2/24/2010 4:58pm PST
That said - only folks who will miss Hummer are the dealers and guys w/ inadequacy issues...
By NoNameDenton Posted: 2/24/2010 5:46pm PST
By Saabaru5 Posted: 2/24/2010 7:46pm PST
What is up with MA now?? That is really annoying!
By SuperSkyline89 Posted: 2/25/2010 4:16am PST
By dan aka 64chevyman Posted: 2/25/2010 4:59am PST
By dan aka 64chevyman Posted: 2/25/2010 6:01am PST
Have an opinion?Join the conversation!