GM announced today that it was closing down its Hummer business. It had been negotiating with a Chinese automaker about a potential sale of the brand, but the deal fell through, and GM decided it was time "to wind down the business in an orderly and responsible manner."
According to a USA Today news release, the potential buyer, Sichuan Tengzhong Heavy Industrial Machinery Corporation, decided against the acquisition because "Beijing's regulators said the gas-guzzling trucks conflicted with the country's environmental policies."
Good news for the atmosphere. Bad news for the 3,000 Americans that build and sell Hummers.
GREENandSAVE LINKandLEARN:
According to a USA Today news release, the potential buyer, Sichuan Tengzhong Heavy Industrial Machinery Corporation, decided against the acquisition because "Beijing's regulators said the gas-guzzling trucks conflicted with the country's environmental policies."
Good news for the atmosphere. Bad news for the 3,000 Americans that build and sell Hummers.
GREENandSAVE LINKandLEARN:
- Speaking of gas guzzling: maybe Hummers would have guzzled less if their drivers weren't always in such a hurry.
- Speaking of China: the worldwide e-waste predictions look pretty worrisome.
- And, if you like what you're reading: Sign up for the GREENandSAVE Monthly Newsletter - stories, tips, and discounts, direct to your inbox.
