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General Motors Plans to Shut Hummer After China's Government Blocks Sale

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"General Motors Co. said it will close Hummer after Chinese regulators blocked Sichuan Tengzhong Heavy Industrial Machinery Co.’s purchase of the brand, whose military-style vehicles clash with government policy," according to Bloomberg. "Winding down the brand will take several months, Nick Richards, a GM spokesman, said yesterday. Some of the 3,000 people now employed at Hummer work on other vehicles, so GM doesn’t know how many jobs will be lost, he said."
SOURCE:   Bloomberg