By Chris Isidore, senior writer
February 24, 2010: 4:52 PM ET
NEW YORK (CNNMoney.com) -- General Motors' deal to sell its Hummer brand to a Chinese automaker fell through Wednesday and the company said it now plans to shut down the brand.
GM did not give any details about why the agreement to sell Hummer to Sichuan Tengzhong Heavy Industrial Machines Co. Ltd. could not be completed, saying only that it was disappointed it was unable to close the deal.
Hummer to close after deal to sell to Chinese falls through - Feb. 24, 2010
February 24, 2010: 4:52 PM ET
NEW YORK (CNNMoney.com) -- General Motors' deal to sell its Hummer brand to a Chinese automaker fell through Wednesday and the company said it now plans to shut down the brand.
GM did not give any details about why the agreement to sell Hummer to Sichuan Tengzhong Heavy Industrial Machines Co. Ltd. could not be completed, saying only that it was disappointed it was unable to close the deal.
Hummer to close after deal to sell to Chinese falls through - Feb. 24, 2010