The Chinese Government has blocked General Motors attempt to sell Hummer to Sichuan Tengzhong Heavy Industrial Machinery, a private Chinese company that manufactures heavy vehicles and road-building equipment. As a result, General Motors will now dismantle the brand.
John Smith, General Motors’ Vice President of Corporate Planning and Alliances, said that “GM will now work closely with Hummer employees, dealers and suppliers to wind down the business in an orderly and responsible manner.”
The Chinese Government did not give details of its reasons for blocking the purchase but according to Yale Zhang, a China auto-industry market analyst “The purchase of this brand is not a match for China. The Government’s general policies about efficiency and environmental protection … This purchase does not match those.”