Hummer, the epitome of all that’s wasteful in our society, is winding down
Wednesday, February 24th, 2010
Turns out the Chinese couldn’t get it together, as attempts by Sichuan Tengzhong Heavy Industrial Machines Co. Ltd. to acquire GM’s Hummer division have fallen through. GM, in response, announced today it will begin the orderly wind-down of Hummer. Sure, some Saudi prince could decide to step in and buy the operation at the last minute as his own play thing, but I doubt it. GM didn’t say why the deal couldn’t be complete, but who cares: one of the world’s most wasteful and pointless machines is at the end of its road. Sorry Arnie.
Tyler Hamilton is associate publisher and editor-in-chief of Corporate Knights magazine and former business columnist for the Toronto Star. This blog is a personal project started in April 2005.
