GM to shut down Hummer operation will cause 3000 of U.S. employees to lose their jobs

Source: Internet
Author: User
Keywords China Detroit Hummer China
Tags business close company corporate planning operation shut down
Xinhua Chicago, February 24, the United States General Motors Company 24th in Detroit headquarters said that, as China's Sichuan Tengzhong Heavy Industry Machinery Co., Ltd. was not agreed to obtain the approval of China's relevant regulatory authorities, GM has begun to close the Hummer operation.  John Smith, GM's vice-president for corporate planning and alliances, said it was regrettable that the deal with China's Sichuan Tengzhong heavy industry was not complete, and that the company was working closely with Hummer suppliers, retailers and employees to close the Hummer business in a responsible and orderly manner.  However, GM is committed to continuing to provide services and guarantees for the sale of Hummer cars. Hummer has seen sales drop 78.3% this year, according to Detroit News.  At the end of January this year, Hummer had less than 2,500 stocks. A GM spokesman said shutting down Hummer operations would cause about 3000 people to lose their jobs in the United States.
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