HUMMER Sale Falls Through

General Motors today announced that the sale of HUMMER to Sichuan Tengzhong Heavy Industrial Machines Co., Ltd.(Tengzhong) was not completed. General Motors will now begin shutting down HUMMER operations.

UPDATED- Maybe not.  The Wall Street Journal reports that GM is taking a harder look at two previous offers for the brand after the deal to sell the iconic SUV company to China’s Sichuan Tengzhong Heavy Industrial Machinery for $150 million fell apart.  The Journal doesn’t name the companies but says General Motors had nixed offers from them last year.

HUMMER fans keep your fingers crossed.  Full text of the General Motors press release follows:

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.

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