Word: hummers
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General Motors' efforts to sell Hummer to a little-known Chinese company have fallen apart, the U.S. automaker announced on Wednesday. As a result, GM will begin to dismantle a brand of gas-guzzling SUVs that was synonymous with pre-financial crisis wealth and excess...
...Specific reasons for the failure of the deal, first announced last June, were not released. But Chinese regulators had frowned on the purchase for much the same reasons that U.S. consumers shunned the Hummer: the vehicle's size and poor fuel economy were impractical in an era of high fuel prices, general economic weakness and greater concern about the harmful effects of vehicle emissions on the environment. (See the 50 worst cars of all time...
...announces plans to slash 21,000 jobs, close dealerships and drop the Pontiac brand. Saturn, Saab and Hummer go on the block...
...Probably be the best damn moment of their lives." The team's captain and quarterback, Jimmy Clausen, 22, of Thousand Oaks, Calif., had been the nation's top high school football player when he turned down all other offers to play at Notre Dame. Arriving on campus in a Hummer - a flashier entrance than the team was used to - he bragged that his goal was to win four national titles with the Irish. Now a junior, Clausen's single post-season win happened in something called the Hawaii Bowl...
...also set a precedent of sorts last month when it announced that it would shut down the Saturn brand completely after a deal to sell it to the Penske Automotive Group also fell apart at the last minute. GM has stopped building Pontiacs, and Hummer is in the process of being sold to a Chinese manufacturer of heavy equipment...