GM announced that the sale of its Hummer unit to China’s Sichuan Tengzhong Heavy Industrial Machines couldn’t be completed, and so it will wind-down of the HUMMER operations.



“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 John Smith 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."

GM said that it is still listening to offers for the brand, but it's looking likely that HUMMER is not long for this world.



GM will continue to honor HUMMER warranties, while providing service support and spare parts to current HUMMER owners around the world.



GM HUMMER history



1992 — AM General LLC, which makes Humvees for the U.S. Army, begins selling its first civilian vehicle, the Hummer. California Gov. Arnold Schwarzenegger is one of the first civilian customers.



1999 — General Motors Corp. takes over marketing rights of the Hummer brand for an undisclosed sum. AM General continues building the Hummer for GM, now known as the H1. AM General also keeps rights to build and sell Humvees to the military.



2002 — GM adds the H2 to the Hummer lineup. GM-Hummer dealerships open.



2005 — GM adds the smaller H3 to the Hummer lineup.



2006 — Peak year for Hummer sales at 71,524.



2008 — GM announces it is reviewing the brand for possible sale. Annual sales drop to 27,485.



2009 — Hummer sales fall to just over 9,000.



June 2009 — China's Sichuan Tengzhong Heavy Industrial Machinery Co. announces it is buying the brand.



Oct. 9, 2009 — GM and Tengzhong sign definitive sales agreement, subject to approval of Chinese and U.S. regulators. Tengzhong would get 80 percent of Hummer while Hong Kong investor Suolang Duoji will take 20 percent.



January, 2010 — GM sells just 265 Hummers in the U.S.



Feb. 24, 2010 — Sale to Tengzhong falls through when it fails to get clearance from Chinese regulators. GM plans to phase out Hummer unless another buyer comes forward.