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News: Chinese company failed to acquire HUMMER

http://www.thetorquereport.com/asset...0x302-4370.jpg

GM has just announced that China's Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) was unable to complete the purchase of the Hummer brand.

Quote:

PRESS RELEASE:

HUMMER Sale to Tengzhong Cannot be Completed
Wind down of HUMMER business to begin

2010-02-24

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.

Source: http://www.thetorquereport.com/2010/...hong.html#more

post link to original article please

its ok, if they cant buy it they will just copy it

Hummer is no more. GM is abandoning the brand. The only Hummer worth getting was the H1.

http://www.time.com/time/world/artic...967957,00.html

Just as well, I don't see a brand like Hummer selling well in today's markets. Just let it die

While I don't like the H2 and H3, it'll be a shame to see the brand die. Hopefully we'll see a reincarnation of the H1 some point down the road.
Posted via RS Mobile

Quote:

Originally Posted by Lomac (Post 6831838)

While I don't like the H2 and H3, it'll be a shame to see the brand die. Hopefully we'll see a reincarnation of the H1 some point down the road.
Posted via RS Mobile

true, the H1 was one of the best off-roaders of all time and the fact that military used it creates this sense this is a tank

h3 is just a pure self humiliating vehicle

more like Hummer fail