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GM's Hummer Brand To Be Sold To a Chinese Company
An anonymous reader writes in to note that GM will sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co. of China, a little-known industrial firm. For now, the deal will save 3,000 jobs in the US. (The military HumVees are made by a separate company and are not involved in this deal.) "As part of the deal, some GM plants will continue to build the Hummer brand for the new owner, at least for awhile. The company said its Shreveport, La., plant will keep building Hummers for the new owner until at least 2010. ... GM said it sold 5,013 Hummers worldwide in the first quarter, down 62% from the 13,050 that it sold in the same period the prior year." AP coverage has more details on GM's planned divestitures, including the shedding of Pontiac, Saturn, and Saab.
... but news for nerds? I'm not seeing it.
"The invisible and the non-existent look very much alike." -- Delos B. McKown
News flash...most of the products purchased by people who don't own Hummers are also made in China.
at the gas station in Wisconsin where I got "told" by a guy bitching about my Toyota.
Despite the fact that my truck is built in Texas by Americans with 85% US content apparently the "profits" all go back to "Japan" SO THERE! (never mind Toyota being on the NYSE and the "profits" go to the shareholders...)
I can't imagine what this guy will do now when a new Hummer - built in Louisiana by Americans, but owned by the Chinese - pulls up to the pump!
I would love to be there when it happens though! ack ack ack....
I like microcars
The "bankruptcy" is really just a wealth (for lack of a better word) transfer. And by transfer, I mean theft. Contract law was ignored when deciding what secured debt holders deserved. Tim Geithner's hand is shoved up the banks, GM, and Chrysler like a ventriloquist dummy, so they can do nothing but nod their heads. Not that the banks mind too much -- the revolving door between treasury, federal reserve, and the investment banks looks like a bukake session with you and i in the middle.
Do you even lift?
These aren't the 'roids you're looking for.
American Culture: Made in China
Is it sad that I am more likely to recognize you and your posts by your sig than your name or UID?
If they had been making the EV-1 instead of the Hummers all this time, they would have probably gone bankrupt ten years ago. So... no.
I find it hilarious that you're defending an H2 as a serious offroad vehicle instead of a fullsize chevy with a body kit. If you need 12" clearance, get a pickup and lift it a bit. At least you can get them in diesel.
"We returned the General to El Salvador, or maybe Guatemala, it's difficult to tell from 10,000 feet"
even what American's fondly call beer.
I'll have you know, America produce quite a bit of very good beer. Show up in seattle and I'll introduce you to some.
"We returned the General to El Salvador, or maybe Guatemala, it's difficult to tell from 10,000 feet"
What does GM China making sales in China have to do with the army riding jeeps?
Yeah calling a Hummer an off roader is pretty funny. You would think here in AR, land of the redneck, there would be plenty of those fugly things, but the only ones you ever see are being driven by doctors who not only never go off road but would have a coronary if they even got them dirty. The off roaders and the rest of us just laugh at those things and make "sorry about your penis" jokes.
Here it is the F150, the Ram and the Ranger. The Vulcan V6 Rangers actually are very popular for the off roaders here. They are light enough they rarely get stuck and have plenty of power and the cast iron V6 is tough as hell. I know I wouldn't give up my Vulcan Ranger for one of those sissy new Hummers if you paid me. The new ones look like a soccer mom ride, not a mud slinger.
I say let the Chinese have the damned things. Those things just don't compare to a well built Ford or Dodge truck. The only Hummers I ever see are being driven by doctors and lawyers who are afraid of scratching the paint, about like those Lincoln Navigators being driven by their wives. Why anybody would want a vehicle that sucked that much gas and cost so much they were afraid to really get anything done in it more than carrying groceries is beyond me. Good riddance.
ACs don't waste your time replying, your posts are never seen by me.
Yeah calling a Hummer an off roader is pretty funny.
It's nothing more than a marketing trick based on association with the military HMMWV, which worked brilliantly. The humvee is a vehicle to make its predecessor jeep proud. It has an angled independent suspension that puts the gear box, drive shaft and other parts well off the ground for huge clearance. It's a great off-road vehicle, reliable and rugged.
Civilian versions are nothing like that, since they're based off completely different chassis. But hey, they look pretty similar if and if you never take them off the road you probably won't even notice. So it's kinda like you own military hardware! How bad-ass!
The enemies of Democracy are
While I do tend to refer to them as US citizens, the term "American" is not ambiguous.
After all the Brazilians usuallly call themselves Brazilians and not Americans. The Canadians would agree they're technically Americans, but they'd rather avoid the term and stick to being called Canadians. Same goes for the other countries.
Who else in the world would call themselves Americans? The people of the USA that's who. The ones who would hold a "world series" where the rest of the world doesn't show up. Or have an International Code Council that's not actually international, that creates an "International Building Code" that isn't, etc.
At least they've stuck to calling themselves "Americans" - would be a bit confusing if they enlarged their claim.
China becomes the new superpower and America takes up France's position of Ex-Superpower Turned Whiney Cheese Eating Surrender Monkeys...
Uhh, I live in one of France's neighbouring countries and have to say that I rather have a bunch of cheese eating (especially since they have excellent cheese, but I digress) surrender monkeys then a congregation of war mongering torturers with dellusional tendencies as neighbors.
But your mileage may vary, of course.
ich bin der musikant
mit taschenrechner in der hand
kraftwerk
Agreed, I propose we use the word "Fatty" instead since it's shorter and more descriptive.
But that was my point. GM is not merely a side effect of a more general problem in the US. The financial crisis has finished off GM, but they were already losing money before the economy dropped off a cliff. They didn't go bankrupt because the economy collapsed, they went bankrupt because they were mismanaged. They couldn't afford to stay in business, even with the government giving them billions of dollars a month. Somehow Ford, the European automakers, and the Japanese automakers all managed to stay solvent in the same market.
My kayak and various camping gear, workstands, tools, etc, don't fit on my bike, sorry. Bikes don't work so well in the winter to get to the mountains to ride my board either. And hundreds of miles of hilly roads aren't exactly fun on the bike, and not possible for a weekend away from work anyway.
But, to you city dwellers, enjoy. Some of us have good reason to own a car, and perhaps even a truck. Enjoy your concrete jungle that is so well suited to the skinny high pressure tires.
My kayak and various camping gear, workstands, tools, etc, don't fit on my bike, sorry.
How often do you go camping? Once a year? Have you heard... you can "rent" a car :) (or truck or whatever suits your fancy)
There are three kinds of lies: lies, damned lies, and statistics.