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Monday 13 February RNW - NEWS AND ANALYSIS FROM THE NETHERLANDS IN 10 LANGUAGES, WORLDWIDE 24/7 ON RADIO, TV AND ONLINE

General Motors bid to sell Hummer fails

Published on 25 February 2010 - 10:07am
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General Motors says its plan to sell the Hummer car brand to the Chinese company Tengzhong has been called off. According to the car manufacturer, this means the end for Hummer, which has been in dire financial straits for some time.

The reason for the cancellation of the sale has not been made known, but the Financial Times claims the Chinese government blocked the deal. The takeover of the fuel-hungry and high-emissions brand is thought to be against government plans to reduce air pollution.

Hummer is not the only car make GM no longer wants. Daughter company Saab was recently sold to Dutch car manufacturer Spyker. 
 

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