Hummer sale to Tengzhong can not be completed

General Motors today announced today that Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. was unable to complete the acquisition of Hummer.  As a result, GM will begin the orderly wind-down of the Hummer operations http://finance.alphatrade.com/story/2010-02-24/CWN/201002241455CANA...

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Permalink Reply by WJM on February 24, 2010 at 3:48pm
Here's a working link
Permalink Reply by Saint Yukon on February 24, 2010 at 3:55pm
Permalink Reply by Keith on February 24, 2010 at 4:30pm
http://automotive.speedtv.com/article/auto-gm-closing-hummer-as-sal...

"GM will now work closely with Hummer employees, dealers and suppliers to wind down the business in an orderly and responsible manner."

Our local dealer closed over the weekend. This explains that.
Permalink Reply by Wheaton56 on February 24, 2010 at 4:32pm
bummer.... Im fond of the rigs
Permalink Reply by Team Maranello on February 24, 2010 at 5:55pm
Seriously, RG should buy it. Pro drive bought Austin Martin and having success with the brand, RG should buy Hummer and make it a prestige brand with motorsports to back it up.
Permalink Reply by Ryan Plowman on February 24, 2010 at 5:59pm
RGM doesn't have the money to run a full Cup schedule on their own. Do you honestly think he has the cash flow, or financing, to buy a failing company? Absolutely not.
Permalink Reply by Wheaton56 on February 24, 2010 at 6:05pm
I disagree. Why waste your own personal cash to run cup any more than he already does.

Although its unlikly he will buy it, it could happen with some help.

It would be a seperate buisness.
Permalink Reply by GrayAntiMatter on February 24, 2010 at 6:56pm
If Roger Penske can't complete the deal to buy Saturn, Robby Gordon can not buy Hummer.

Seriously, just because this is Planet Robby doesn't mean you should be completely detached from reality.

Now on to the discussion of how this impacts his Rally/Raid career.
Permalink Reply by WJM on February 24, 2010 at 7:08pm
Robby should by Hummer and NASA. DOH! There's those voices in my head again. Where's my flyswatter?
Permalink Reply by Mike/WC77 on February 24, 2010 at 7:43pm
...rocket powered Hummers, thats how we win Dakar!
Permalink Reply by Team Maranello on February 25, 2010 at 10:11am
Hey Gray, the only reason we all are on this forum is because we are completely detached from reality. This is the place to make audacious claims and fantasize about unrealistic results.
Permalink Reply by ivanspeed on February 24, 2010 at 6:55pm
SO no more hummer for RG for next year's Dakar???????

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