Our flagship site The Car Connection recently reported on GM's announcement that its attempted sale of the Hummer brand to China's Sichuan Tengzhong Heavy Industrial Machinery Co. was unsuccessful. The ironic thing is that the solemn announcement of Hummer's impending demise came on the heels of the finalization of GM's sale of Saab to Spyker, a long-awaited deal that met a great deal of adversity before coming to fruition.
The Car Connection speculated that the Chinese government nixed the Hummer deal some time ago without going public with the decision. Unfortunately for Hummer, the brand's outcome appears to be the dreaded "orderly wind-down" that GM predicted would be Saab's fate before Spyker prevailed as the buyer of the ailing brand.
For the Hummer faithful, however, there might be a light at the end of this long dark tunnel. And I don't mean the lights of an oncoming train! The Car Connection is reporting on a Wall Street Journal story that claims GM is actually considering two earlier offers for the Hummer brand that GM apparently passed over in favor of the Chinese suitor. The Car Connection is in the process of getting as much scoop on these new developments in the Hummer saga.
Stay tuned to AllPickupTrucks.com as we keep you posted on the latest in the Hummer wind-down drama.
[Source: The Car Connection]