F&I Management & Training

General Motors (GM) is to wind down operations of its Hummer vehicles - after failing to complete a planned takeover by a Chinese firm.

GM did not comment on why the sale to China-based Tengzhong had collapsed. Reports have said Beijing had refused to approve the purchase.

GM agreed to sell the brand last year, as it offloaded famous names it owned and went into bankruptcy protection.

It said it was "disappointed" the deal could not be completed.

"GM will now work closely with Hummer employees, dealers and suppliers to wind down the business in an orderly and responsible manner," said John Smith, vice-president of corporate planning and alliances.

The firm added it would continue to honour Hummer warranties, and provide service support and spare parts to current owners around the world.