AUTOMOTIVE

"We are disappointed," said John Smith, a GM vice president.
"We are disappointed," said John Smith, a GM vice president. (Mark Avery/associated Press)

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Thursday, February 25, 2010

AUTOMOTIVE

Hummer deal fails; GM to shutter brand

General Motors said it will shut down Hummer after its bid to sell the brand to a Chinese company collapsed.

Heavy-equipment maker Sichuan Tengzhong Heavy Industrial Machinery pulled out of the deal for Hummer, known for its hulking, military-style SUVs, because it was unable to get clearance from Chinese regulators by a Feb. 28 deadline, the manufacturer said.

GM said that it will continue to honor existing Hummer warranties and that it will work with dealers, employees and suppliers to close the brand responsibly.

-- Associated Press


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