HUMMER Sale Nixed By China; GM Gets New Offers? Page 2

February 25, 2010

2010 Hummer H3T

Of course, the bigger story in all this may be that China seems VERY serious about going green. That should please environmentalists, given China's abysmal record on pollution. It should also please eco-car enthusiasts: with China's robust economy and auto market, this could speed the deployment of hybrids and EVs. Ironically, the conservative country that may lose Google over censorship concerns may also become the world leader in a new, green economy.

[TheCarConnection, with information from BusinessWeek, Automotive News]

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DETROIT General Motors today announced that Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) was unable to complete the acquisition of HUMMER.  As a result, GM will begin the orderly wind-down of the HUMMER operations.

“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." 

GM will continue to honor HUMMER warranties, while providing service support and spare parts to current HUMMER owners around the world.

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