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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.
The original post has
Before you worry about soldiers of US army and marines riding on Chinese made jeeps, you should also note that GM China has made recorded sales in China, despite of its parent's woe in the US. I personally did notice quite a lot more Buick's running in the city of Shenzhen than on the streets of California. When I was over there, I owned a Buick myself which was made in China but with US-made engines and transmissions; whereas i own a Japanese car here in California. Strange world.
Why is it edited away? Is / . censoring our post, because the news of american company doing well in China does not fit the site's editorial agenda?
The American economy recovered from the great depression by draining UK's coffers via the lend-lease act. That recovery turned into a boom which lasted nearly 50 years.
The current Chinese boom is a result of draining America's coffers. Its only a matter of time before the Chinese economy becomes self sustaining and they won't need us anymore. I'm afraid of what will happen when China becomes the new superpower and America takes up France's position of Ex-Superpower Turned Whiney Cheese Eating Surrender Monkeys...
Is it sad that I am more likely to recognize you and your posts by your sig than your name or UID?
Keep plowing ahead ignoring your customers.
After all, they'll buy what you damn well want them to buy, right? Wrong. GM had piss-poor leadership, management with no vision. They kept making product that no one wanted to buy. The market handled GM alright.
Now, just think if GM had treated every potential customer that entered a dealership as a criminal.
Watch out RIAA/MPAA your industries are next. The market will handle you as well.
They're using their grammar skills there.
Sorry, could you specify whether you're referring to China, or the US. Hard to differentiate on those criteria. If you'd said "invades or bombs foreign countries on a whim", "kidnaps, imprisons and tortures nationals of any country without due process", I might have guessed.
Sorry, couldn't resist that straight line.