CBC News - Money - GM to shut down Hummer after deal collapses
Someone in the comments section said it best:Hummer, the off-road vehicle that once symbolized America's love for hulking SUVs, has hit a dead end after its planned sale to a Chinese heavy equipment maker collapsed late Wednesday.
Heavy equipment maker Sichuan Tengzhong Heavy Industrial Machines Co. pulled out of the deal for Hummer, known for its 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.A long row of unsold H3s sit at a Hummer dealership in Castle Rock, Colo., in 2008.A long row of unsold H3s sit at a Hummer dealership in Castle Rock, Colo., in 2008. (David Zalubowski/Associated Press)
GM said it will continue to honour existing Hummer warranties.
"Bye Hummer - won't miss you, but be happy that your products will be held up to future generations as icons of a absurd and dangerously self-centered age."