Hummer is not going overseas (yet)! As reported on the Wall Street Journal earlier today, the deal falls through because of 'some government interventions'. It's a same old story in China, but the ministry of commerce denied. Some officer even said that the department did not even receive any application from the would be buyer, Sichuan Tengzhong Heavy Industrial Machinery Co. So who were involved in this deal was still unknown.
The loser of this bad news is for sure the GM who still needs to take the burden of losing money from Hummer, which sales drop more than 80% since 2006. Poor GM.
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