- Joined
- Jun 16, 2005
- Messages
- 4,087
http://dealbook.blogs.nytimes.com/2010/02/24/g-m-to-close-hummer-after-sale-collapses/
Not really that sad to see it go. I thought the original Hummers that were close cousins to the military vehicle were pretty sweet. Once it became basically a Suburban with fancy molding, I lost a lot of interest.
General Motors said Wednesday that it was shutting down Hummer, the brand of big sport-utility vehicles that became synonymous with the term “gas guzzler,” after a deal to sell it to a Chinese manufacturer fell apart, The New York Times’s Nick Bunkley reports from Detroit.
G.M. said only that its planned sale of Hummer to the Sichuan Tengzhong Heavy Industrial Machines Company “cannot be completed,” without giving a reason, but the $150 million deal had been stalled as the companies awaited approval from the Chinese government. G.M. had been trying to sell Hummer for a year, and struck a preliminary deal with Tengzhong last June.
Not really that sad to see it go. I thought the original Hummers that were close cousins to the military vehicle were pretty sweet. Once it became basically a Suburban with fancy molding, I lost a lot of interest.