General Motors the maker of the big framed, gas guzzling SUV, Hummer will be shutting down that line of vehicles. They attempted a last minute buy out to a heavy machinery company in China, but that deal couldn't be completed before the deadline so it was scratched.
The popularity of Hummers have diminished a lot over the last four years since gas prices jumped. In 2006 over 71,000 Hummers were sold then in December of 2009 only 325 units sold, a decrease of 85% in one year. These vehicles are not inexpensive either, starting price is $42,500 and can go up to $63,000.
GM says they will continue to service and warranty the Hummer line of products, and will make the phase out process as easy as possible for customers and employees.
