Detroit, Michigan – General Motors has announced that a proposed sale of Hummer to a Chinese corporation cannot be completed, and the division will be wound down.
The brand was originally slated to be sold to Sichuan Tengzhong Heavy Industrial Machines Company.
“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,” said John Smith, vice-president of GM’s corporate planning and alliances. “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. GM will now work closely with Hummer employees, dealers and suppliers to wind down the business in an orderly and responsible manner.”
General Motors said it will continue to honour Hummer warranties and provide support and spare parts to owners around the world.