Hummer Shuts Down

Big Brother of motoring is dead, what are my brothers going to do? There ain’t no more to pimp, there ain’t nothing left…

It seems that Sichuan Tengzhong Heavy Industrial Machines Co. failed to complete the acquisition of HUMMER. With the company going under tremendous monetary stress, GM has begun to shut down HUMMER’s operation.

According to Autodata Corp, HUMMER sales peaker at 71,524 in 2007, but in December 2009, there was only 325 Hummers sold. No wonder this is happening.

It is sad to see yet another American giant crashing.

Press Release:

HUMMER Sale to Tengzhong Cannot be Completed
Wind down of HUMMER business to begin

2010-02-24

DETROIT – General Motors today announced that Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) was unable to complete the acquisition of HUMMER. As a result, GM will begin the orderly wind-down of the HUMMER operations.

“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. 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,” said John Smith GM vice president of corporate planning and alliances. “GM will now work closely with HUMMER employees, dealers and suppliers to wind down the business in an orderly and responsible manner.”

GM will continue to honor HUMMER warranties, while providing service support and spare parts to current HUMMER owners around the world.