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Bankrupt automaker discloses details of plan to sell truck line to China's industrial company Sichuan Tengzhong.
NEW YORK
(CNNMoney.com) -- General Motors Corp. has struck a deal to sell its Hummer truck unit to a Chinese industrial business, the two companies confirmed Tuesday.
Privately owned Sichuan Tengzhong Heavy Industrial Machinery Company Ltd., based in China, will acquire the truck brand, which has been part of GM since 1999. Tengzhong said it plans to keep Hummer's management team.
http://money.cnn.com/2009/06/02/news/companies/gm_hummer/index.htm?postversion=2009060207 Click to expand...
Pay off for taking more of our national debt, no doubt. :BangHead:
Crabtownboy
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Must be the Chinese will sell it as a military vehicle ... I've always thought people who buy a Hummer are not showing much intelligence.
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Good luck with that. A niche vehicle that no one wants and has terrible fuel economy. It's past its prime.
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If the Chinese are going to start going into the auto business by making Hummers, that will be a disastrous undertaking. Anything that China has made when compared to its competition has been very crummy at best.
China has had a history of using lead on toys, dog / cat food, & paint. Will they make their Hummers out of lead too? Doing so would decrease the fuel efficiency even more.
Bro. Curtis
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I know lots of smart, successful people out here that drive them. Why do you think they are dumb ?
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Anybody who uses a portrait of a (hard to describe) for their BB avatar
does not show much intelligence.
Or could it be simply a matter of (freedom of) choice
I probally would never buy a hummer beacuse of the poor gas milage - but if you want one - I say - go for it :thumbs:
Crabtownboy
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Big, bulky, lousy gas milage, road hogs. Of course I live in an urban area. I can see a person having one if there is a real off road need for one. But for just driving around it isn't very smart to my mind.
Most the people who have them here seem to have them as status symbols, not from any real need for such a vehicle.
Unless I had a real compelling need in Montana, I'd hate to feed this gas guzzler. You have lots of open territory with lots of miles between places, i.e. Montana State Route 200 through Jordan and on west.
Crabtownboy
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Glad you like my avatar. It is a photo I took in a Czech museum. It is of the artist's father and the father's face is reflected in the eyes.
It is an amazing painting ... at least in my mind.
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I've always thought people who admire strange art work are not showing much intelligence. :laugh:
Bro. Curtis
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Big, bulky, lousy gas milage, road hogs. Of course I live in an urban area. I can see a person having one if there is a real off road need for one. But for just driving around it isn't very smart to my mind.
Most the people who have them here seem to have them as status symbols, not from any real need for such a vehicle.
Unless I had a real compelling need in Montana, I'd hate to feed this gas guzzler. You have lots of open territory with lots of miles between places, i.e. Montana State Route 200 through Jordan and on west.
Click to expand...
I think you are a mean, judgmental, & arrogant person.
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He'd probably make a great drill sergeant! :laugh: