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Hummer going out of production?

By Dan Strumpf

Unless a last-minute buyer steps forward, General Motors Co.’s Hummer brand is fading into history.

The sale of the SUV brand with military roots to a Chinese heavy equipment maker has collapsed. GM said it would still hear offers for the company, but potential investors would have to move fast.

“In the early phases of the wind-down, we’ll entertain offers and determine their viability, but that will have to happen in pretty short order,” said GM spokesman Nick Richards.

GM said Wednesday that its bid to sell Hummer to Sichuan Tengzhong Heavy Industrial Machines Co. fell through. The Chinese manufacturer said it failed to get clearance from regulators in Beijing within the proposed timeframe for the sale.

Read the original article at: Washington Post

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