Hummer’s Sale Collapse Can Wind down the Brand: GM Says
As we have seen that GM has successfully completed the sale of its Swedish brand ‘Saab’ to another automaker ‘Spyker’ but the companies has entered into controversies because of the sale of another exciting brand ‘Hummer’ and now it has been reported that GM will wind down the brand just because the proposed sale to China’s Sichuan Tengzhong Heavy Industrial Machines Co. Ltd. Has fell down because of some controversial issues. The Chinese company was actually unable to get government’s approval for the sale as reported by some source.
History shows that GM has being through such kind of issues many times and this time this failure of deal seals down four other GM’s brands as GM is winding down Saturn after its sale fell down in September. For the hummer’s case we can’t lose hopes because same situation also occurred for Saab and GM was up to roll down the brand when finally Spyker got the deal and that deal is completed now, at any time the deal might get settled with some other company and we can hear the good news from GM’s side so nothing could be said more clearly at this time.