The Break #2 For 2/24/10: Bye Bye Hummer

And good riddance:

General Motors said Wednesday that it was shutting down Hummer, the brand of big sport-utility vehicles that became synonymous with the term “gas guzzler,” after a deal to sell it to a Chinese manufacturer fell apart, The New York Times’s Nick Bunkley reports from Detroit.

G.M. said only that its planned sale of Hummer to the Sichuan Tengzhong Heavy Industrial Machines Company “cannot be completed,” without giving a reason, but the $150 million deal had been stalled as the companies awaited approval from the Chinese government. G.M. had been trying to sell Hummer for a year, and struck a preliminary deal with Tengzhong last June.

The two companies had planned to close the deal by the end of January, then delayed the deadline by a month in the hopes of getting the green light from China.

But I can hear some nut saying the Obama Administration ordered GM to shut the Hummer down because it fits their Energy Agenda.

Sight at me not being far from the truth of how crazy they are.