The collapse of General Motors' plan to sell Hummer to a Chinese buyer reflects flaws in the deal rather than any reluctance by Beijing to sanction cross-border transactions, say Chinese government officials.
GM announced late on Wednesday that it had given up on efforts to sell its troubled Hummer operations to Sichuan Tengzhong Heavy Industrial Machinery, after nearly nine months of trying.
The Detroit carmaker said it would now wind down production of the heavy sports utility vehicle.
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