HUMMER Sale to Tengzhong Cannot be Completed


    
    -- Wind down of HUMMER business to begin




    
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<p><span class="xn-location">DETROIT</span>, <span class="xn-chron">Feb. 24</span> /CNW/ -- General Motors today announced that Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) was unable to complete the acquisition of HUMMER.  As a result, GM will begin the orderly wind-down of the HUMMER operations.</p>
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<p>"One year ago, General Motors announced that we were going to divest HUMMER, as part of focusing our efforts on Chevrolet, Buick, GMC and Cadillac going forward.  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 <span class="xn-person">John Smith</span> GM vice president of corporate planning and alliances. "GM will now work closely with HUMMER employees, dealers and suppliers to wind down the business in an orderly and responsible manner."</p>
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<p>GM will continue to honor HUMMER warranties, while providing service support and spare parts to current HUMMER owners around the world.</p>
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<p>About General Motors:  General Motors, one of the world's largest automakers, traces its roots back to 1908.  With its global headquarters in <span class="xn-location">Detroit</span>, GM employs 204,000 people in every major region of the world and does business in some 140 countries.  GM and its strategic partners produce cars and trucks in 34 countries, and sell and service these vehicles through the following brands:  Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel, Vauxhall and Wuling.  GM's largest national market is the <span class="xn-location">United States</span>, followed by <span class="xn-location">China</span>, <span class="xn-location">Brazil</span>, <span class="xn-location">Germany</span>, the <span class="xn-location">United Kingdom</span>, <span class="xn-location">Canada</span>, and <span class="xn-location">Italy</span>.  GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services.  General Motors acquired operations from General Motors Corporation on <span class="xn-chron">July 10, 2009</span>, and references to prior periods in this and other press materials refer to operations of the old General Motors Corporation.  More information on the new General Motors can be found at <a href="http://www.gm.com">www.gm.com</a>.</p>
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For further information: For further information: Nick Richards, +1-313-720-9541, nick.Richards@gm.com; or Tom Wilkinson, +1-313-378-6233, tom.wilkinson@gm.com, both of GM

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