General Motors To Shut Down Hummer

General Motors will shut down Hummer after its bid to sell the brand to heavy equipment maker Sichuan Tengzhong Heavy Industrial Machines Co. failed. The Chinese company was unable to get clearance from Chinese regulators within the proposed deal time frame. GM said it will continue to honor existing Hummer warranties and will now work closely with Hummer employees, dealers and suppliers to wind down the business in an orderly and responsible manner.