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-   -   Hummer sale to chinese company falls through. (https://www.hummerforums.com/forum/private-sale-trade-classifieds-10/hummer-sale-chinese-company-falls-through-18458/)

Patrick 02-24-2010 03:13 PM

Hummer sale to chinese company falls through.
 
Announced a short while ago...

General Motors announced a few hours ago that the planned sale of the Hummer brand and its assets to Chinese corporation Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. Cannot be completed and GM will begin the “orderly wind-down of the HUMMER operations.” Allegedly the sale to Tengzhong was frowned upon by the Chinese government, who is already trying to cut down on the high number of automakers in the country.

Click here for the rest of the story...

Rajul_Al_Hummer 02-24-2010 03:20 PM

I guess I'm now officially driving a classic car.

What a sad day.

3hummers 02-24-2010 05:37 PM

Give it a few weeks, this may not be the end of the story.

YellowFin 02-24-2010 07:14 PM

Good Grief! Hate to read this. Someone help!!!!!!

Patrick 02-25-2010 12:16 PM

Allegedly, GM is working on a few other attempts to sell the brand before winding it down but right now those other interested parties are not being named.

skippy 02-28-2010 11:16 PM

i am with 3Hummers on this if you look at the wording they are winding down not winding up??

Patrick 03-04-2010 01:28 PM

no more news on my end thus far...


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