The hulking Hummers you see ruling the road will soon be a thing of the past.
The hulking Hummers you see ruling the road will soon be a thing of the past.
General Motors has announced that it will stop production on its popular line of SUVs after an attempted sale of the brand to a Chinese company fell through. According to the Associated Press, Sichuan Tengzhong Heavy Industrial Machinery had to back out of the deal because it wasn’t able to obtain manufacturing clearance by the February 28 cut-off.
“We are disappointed that the deal with Tengzhong could not be completed,” said GM Vice President of Planning and Alliances John Smith. “GM will now work closely with Hummer employees, dealers and suppliers to wind down the business in an orderly and responsible manner.”
While Hummer is headed for the scrap heap, GM has said that it will continue to honor standing warranties.
– Sonya Eskridge
Here’s more:
GM files for bankruptcy
White House to cut executives’ salary
Toyota: brake problems are a glitch
