After talks with Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) broke down last month, General Motors said that it will begin the orderly wind-down of the Hummer operations. However, GM also confirmed that it is examining prior bids with a fresh look and is also looking at new offers.
According to a report by Dow Jones Newswires today, GM talks with other potential buyers have also stalled.
Hummer spokesman Nick Richards declined to comment on the report and a spokesman for GM”s international operations couldn”t immediately be reached for comment.
Even if the brand is shut down, GM said that it will continue to honor Hummer warranties, while providing service support and spare parts to current Hummer owners.
– By: Stephen Calogera
Source: Automotive News (Subscription Required)