Each day last week seemed to bring more news about the fate of the Hummer, America's polluting elephant in the room. Early in the week it seemed that an obscure Chinese machinery company called Sichuan Tengzhong would buy the General Motors marquee for $150 million. But as it turned out, Tengzhong couldn't get its act together. Chinese banks withdrew lending offers and American banks are weary of getting involved. Tengzhong even tried to go through a subsidiary outside China to buy Hummer, according to Chinese media. “The deal is on the ropes, if it’s not on the canvas yet,” Michael Dunne, the president of a Hong Kong auto consulting firm told The New York Times.
