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General Motors and soar in heavy transaction failed to end the Hummer





--New York, 24 Feb (reporter sunyu quite) United States 24-General Motors announced that due to failed to Hummer brand sold to a Chinese manufacturer, who will be the "end" Hummer that is regarded as the "oil Tiger" car brand.

The New York Times reported on their Web site, Sichuan goldtel group has been in heavy industry in a statement claiming that they withdraw the tender, the reason is that companies do not have access to the Chinese Government's approval.

> > Extended reading: Sichuan goldtel group in heavy industry to the official statement of the

Reports that the Chinese Government is focused on catching energy saving and emission reduction.

Close to the negotiations that negotiations on the final stage of the biggest obstacles are not government approval, the greater the problem comes from the Bank's support.

Hummer spokesperson Nick Richards said, does not exclude the possibility of reopening bidding.

In the last two years, GE has been trying to sell "Hummer", last June and in China's Sichuan enterprises escaping reached a preliminary agreement. Both sides already prepared to end the value of one point five million dollars of transactions for approval or extension of the trading deadline by one month.

Generic company responsible for the business of VP John Smith in a statement on did not complete a transaction.

Universal Declaration of the United States for environmentalists, who had been seeking to stifle the Hummer brand. Located in Washington's "automotive climate safety campaign" Director Daniel Becker said that ending Hummer helps promote universal, China, and the health of the planet.

23 February, GM announced that it will under Saab Sweden business sold to the Netherlands small sports car manufacturer Spyker. Universal also is planning to windup's "Saturn" and "Pang-Lac" are two major brands.

Hummer spokesman Richard said the United States Hummer dealer inventory in about 2500 vehicles.

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