GM to end Hummer after sale to Chinese buyer fails

General Motors has finally drawn the curtains at Hummer following a tussle over a deal with the Chinese company. The failure to stuck the deal with the Chinese Sichuan Tengzhong Heavy Industrial machines co was due to the undue delay in clearing the process from the Chinese regulators. The Chinese company is popular for military-prone SUVs and GM committed that the existing customers would in no way get affected.

The resentment was expressed by the company’s VP amidst the smooth process to be implemented in the closing of the Hummer. The ditch in finalizing the deal occurred in the non-timely clearance of the Chinese regulations, despite hectic efforts to save the situation. This is the second such brand from GM, after Saturn, to be shelved away and in the series after Swedish brand Saab (sold to Dutch Spyker Cars NV) while GM discontinued the Pontiac. As of now, GM has got four brands to do its business- Chevrolet, GMC, Cadillac and Buck.

Leave a comment

Your email address will not be published.