They were approached by several other companies interested in purchasing the Hummer brand and began reviewing potential buyers.
G.M. recently acquired the Hummer brand, placing a big bet that the decade-long trend toward ever larger and more aggressive-looking sport utility vehicles would continue.
At the end of February, General Motors announced it would begin dismantling the Hummer brand.
On June 1, 2009, as a part of the General Motors bankruptcy announcement, the company revealed that the Hummer brand would be discontinued.
It was also revealed that the price tag of the Hummer brand was $150 million.
Later, on February 24, 2010, GM announced the Tengzhong deal had collapsed and the Hummer brand would soon shut down.
GM is also "undertaking a strategic review" of the Hummer brand and could either revamp the product line or sell the brand.
G.M., he added, should have invested in hybrids instead of buying the Hummer brand.
On June 1, 2009, GM announced that the Hummer brand would be discontinued.
The objective of the HX was to position the Hummer brand into a smaller and cheaper market segment.