GM Says: “Hummer Discontinued, Hip-Hop Dead”
Chinese manufacturer Sichuan Tengzhong Heavy Industrial Machines Co. failed to get clearance from Chinese regulators to complete acquisition of GM’s flaming turd Hummer. For the last year, GM has been seeking suckers to purchase their losing brand and signed a deal in October 2009 with Tengzhong. China’s auto industry is booming, but regulators are working to streamline and slow investment rather than attract newcomers.
In a statement, Tengzhong said it was disappointed that it could not pursue the opportunity to build attractive, greener vehicles for sale in China and other new markets as well as Hummer’s traditional bases.
John Smith, GM vice president of corporate planning and alliances, stated shortly after, “The Hummer line is the only brand in the world that can claim a ‘most fuel-efficient’ model (H3) and still only get 16 mpg. I think they’re going to be really sorry they missed out on this.” More »
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Nathan M. Cheeley 
