Based on GM's statement below, it seems that Hummer will not be as lucky as Saab, which was saved with a last-minute deal. I never liked this kind of vehicles, but Hummers were special and it's a pity.
"One year ago, General Motors announced that we were going to divest Hummer, as part of focusing our efforts on Chevrolet, Buick, GMC and Cadillac going forward. We have since considered a number of possibilities for Hummer along the way, and we are disappointed that the deal with Tengzhong could not be completed."
Source: Autoblog
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