Hummer Drives Off into the Sunset
Hummer Drives Off into the Sunset
February 25, 2010 /EIN PRESSWIRE/ Hummers may thrive in the dirt and mud, but the time has come to throw dirt on Hummer as GM's deal to sell the oversized SUV to a Chinese manufacturer has collapsed.
Chinese regulators failed to give approval to Sichuan Tengzhong Heavy Industrial Machines Co. to buy the hulking automotive unit. GM said that it will still honor existing Hummer warranties, but the demise of the deal will most certainly lead to the death of Hummer.
Although GM will still listen to last-minute bids, the company will begin winding down its Hummer business. Most likely, Hummer will join Pontiac and Saturn as casualties of GM's collapse.
Read more at Automotive Industry Today:
Hummer news - http://automotive.einnews.com/news/hummer
Located at http://automotive.einnews.com, Automotive Industry Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest automotive news from around the world, saving them valuable time they'd spend searching for information. New users to Automotive Industry Today can enjoy a no-obligation, one-week free trial.
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February 25, 2010 /EIN PRESSWIRE/ Hummers may thrive in the dirt and mud, but the time has come to throw dirt on Hummer as GM's deal to sell the oversized SUV to a Chinese manufacturer has collapsed.
Chinese regulators failed to give approval to Sichuan Tengzhong Heavy Industrial Machines Co. to buy the hulking automotive unit. GM said that it will still honor existing Hummer warranties, but the demise of the deal will most certainly lead to the death of Hummer.
Although GM will still listen to last-minute bids, the company will begin winding down its Hummer business. Most likely, Hummer will join Pontiac and Saturn as casualties of GM's collapse.
Read more at Automotive Industry Today:
Hummer news - http://automotive.einnews.com/news/hummer
Located at http://automotive.einnews.com, Automotive Industry Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest automotive news from around the world, saving them valuable time they'd spend searching for information. New users to Automotive Industry Today can enjoy a no-obligation, one-week free trial.
About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at http://www.einpresswire.com and the latest world news in more than 80 different industries at http://www.einnews.com.
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