Wednesday, March 10, 2010

Hummer Discontinued, Joins Other Now-Defunct Famous Car Brands


Here's the AP:
"DETROIT - General Motors Co. said Wednesday it will shut down Hummer after its bid to sell the brand to a Chinese company collapsed.



Heavy equipment maker Sichuan Tengzhong Heavy Industrial Machines Co. pulled out of the deal for Hummer, known for its hulking, military-like SUVs, because it was unable to get clearance from Chinese regulators within the proposed deal timeframe, the manufacturer said in a separate statement.

GM said it will continue to honor existing Hummer warranties.

Hummer is the second brand after Saturn that GM has failed to sell as part of its restructuring. GM sold Swedish brand Saab to Dutch carmaker Spyker Cars NV earlier this year. Pontiac is being discontinued.

GM is focusing its efforts on its four remaining brands: Chevrolet, GMC, Cadillac and Buick."

Last month Bloomberg reported that Hummer's management was expecting a deal to come through. It's unclear why the deal fell through. Here's Bloomberg:
"While the transaction approval process is not proceeding as quickly as originally forecasted, we're optimistic about the progress that has occurred to date," Jim Taylor, Hummer's chief executive officer, said in an e-mailed statement. "There are more than 3,000 people directly employed in the design, build and sale of Hummer vehicles. As such, we are committed to giving the sale every reasonable opportunity toward a successful conclusion."

Now, don't tell me you won't miss this vehicle. Such a TRUE 4 x 4 it was and quite a colorful one too... Herebelow are some selected pix to see and remember.../MMT
























No comments:

Post a Comment