[BITList] bye bye hummer

[CT's]

GM's Deal To Sell Hummer To Chinese Company Falls Through 
  a.. 
 
   DOW JONES NEWSWIRES 
 General Motors Co.'s deal to sell the Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co. (STHIM.YY) for $150 million fell through, signaling the end of a brand that just a few years ago was one of GM's hottest. 

Earlier Wednesday, a person familiar with the matter told The Wall Street Journal that Tengzhong had been told its takeover application "is not going to be accepted" by Chinese regulators. Those authorities were reluctant to let a Chinese company acquire a brand they see as unfriendly to the environment. 

Moreover, the bid from Tengzhong, an industrial company that doesn't currently make automobiles, came at a time that authorities are looking to winnow the ranks of China's auto makers, which number more than 100. 
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