General Motors Corporation 24, announced that due to the failure to sell the Hummer brand to Chinese manufacturers, they will “end” Humvee that has been regarded as “gas-guzzling” car brand.
“The New York Times” Web site reported the same day, said Teng in the Heavy Industry Machinery Co., Ltd. Sichuan, has been in a statement that claimed that they recovered the tender because the company can not get Chinese government approval.
Reported that the Chinese government is mainly carry out energy-saving emission reduction activities.
Close to the negotiations pointed out that the biggest obstacle to the final stage of the negotiations is not the government’s approval, the larger problem from the banks for their support.
Nick Hamm, a spokesman for Richard that he did not rule out the possibility of re-opening the tender.
The past two years, GM has been trying to sell the “Hummer”, in June last year, with private enterprises in China’s Sichuan province reached a preliminary agreement Teng. The two sides have been ready by the end of January at the end of the 150 million U.S. dollars worth of transactions, but in order to obtain approval of the transaction, or extend the deadline for a month.
GM’s vice president in charge of the business, John Smith, in a statement that did not complete the transaction right regrets.
General Electric Company received the U.S. the relevant statement was welcomed by environmentalists, who have been seeking to suffocate the Hummer brand. In Washington, “Auto Climate Security Campaign” Daniel Becker, director, said the end of Hummer will help enhance the common, China and the planet’s health.
February 23, GM announced that it would sell its operations to the Netherlands, Sweden Saab small sports car maker Spyker. GM is also planning its end of the “Saturn” and “Pangdilake” two brands.
Hummer spokesman Richard said the U.S. Hummer dealer inventory in 2500 or so.