ApocaDocs: A Deal Sours, and the Hummer Bites the Dust

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Posted Thu Feb 25 2010: from TIME:


	A Deal Sours, and the Hummer Bites the Dust http://apocadocs.com/s.pl?1267108362 GM's efforts to sell its Hummer brand to a little-known Chinese company have fallen apart, the U.S. automaker announced Wednesday. As a result, GM will begin to dismantle a brand of gas-guzzling SUVs that were synonymous with pre-financial crisis wealth and excess. Specific reasons for the failure of the deal, first announced last June, were not released. But Chinese regulators had frowned on the purchase for much the same reason that U.S. consumers shunned Hummer; the vehicle's size and poor fuel economy were incompatible in an era of high fuel prices, general economic weakness and greater concern about the harmful effects of vehicle emissions on the environment.

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'Doc Jim says:

My heart is breaking.