General Motors Co. today says it is winding down its Hummer division after a deal fell through to sell the luxury SUV brand to China-based Sichuan Tengzhong Heavy Industrial Machinery Co. Ltd. Reports indicate Sichuan Tengzhong was unable to secure required approval from Chinese regulators to purchase the brand. According to Bloomberg, the acquisition was rejected because the Chinese government wants to promote small cars powered by small-displacement engines. “It’s only normal for the ...
Premium Content (PAID Subscription Required)
"GM to Wind Down Hummer Following Collapse of Sale Agreement" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.