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GM's bid to sell their Hummer division to a Chinese industrial machines company fell through, and the company announced today that they will cease production of the street-warrior tanks. "We have since considered a number of possibilities for Hummer along the way, and we are disappointed that the deal with Tengzhong could not be completed," said John Smith, G.M.’s vice president of corporate planning and alliances. "G.M. will now work closely with Hummer employees, dealers and suppliers to wind down the business in an orderly and responsible manner." The company plans to honor existing Hummer warranties.
It feels like the day they announced the end of the Concorde. Okay, only kind of. Not really.
· GM Gives In To Good Taste, Closes Hummer Division [Consumerist]