Chinese Company Doesn’t Want Hummer After All
GM just announced that the deal to sell the failing Hummer brand to Chinese company Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. fell through. No specifics were given, only that they were “unable to complete the acquisition of HUMMER.” Way to be specific there, boys.
As a result, GM is shutting down Hummer completely, Pontiac-style. Still [...]