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post #1 of 41 (permalink) Old 06-02-2009, 06:21 PM Thread Starter
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GM to sell Hummer to Chinese company

Interesting to see how this plays out.

Quote:
DETROIT (AP) -- General Motors Corp. took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands.

China's Sichuan Tengzhong Heavy Industrial Machinery Co. said Tuesday afternoon that it reached an agreement to acquire the brand from GM for an undisclosed ammount. The Detroit automaker had announced Tuesday morning that it had a memorandum of understanding to sell the brand of rugged SUVs, but it didn't identify the buyer.

Sichuan Tengzhong deals in road construction, plastics, resins and other industrial products, but Hummer would be its first step into the automotive business.

GM said the sale will likely save more than 3,000 U.S. jobs in manufacturing, engineering and at various Hummer dealerships. Tengzhong said it will assume GM's existing agreements with Hummer dealers.

"We will be investing in the Hummer brand and its research and development capabilities, which will allow Hummer to better meet demand for new products such as more fuel-efficient vehicles in the U.S," Chief Executive Yang Yi said in a statement.

As part of the proposed transaction, Hummer will continue to contract vehicle manufacturing and business services from GM during a transitional period. For example, GM's Shreveport, La., assembly plant would continue to contract to assemble the H3 and H3T through at least 2010, GM said. AM General LLC in Mishawaka, Ind., makes the larger H2 under contract for GM.

Hummer will keep its existing management team and remain based in the United States, the companies said. Tengzhong said it expects to expand the brand's dealer network worldwide, including to China.

"GM is close to a sale of its Hummer brand, which is good news for the 3,000 Americans who will be able to keep their jobs, the two American plants that will remain open and the more than 100 Hummer dealers that should be able to stay in business all around the country," White House spokesman Bill Burton said earlier in the day.

On Monday, the Shreveport plant, which has about 800 workers, escaped being among 12 plants that GM said would be shut down by next year. The plant, which employed 3,000 several years ago, also produces Chevrolet and GMC pickups.
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post #2 of 41 (permalink) Old 06-02-2009, 06:26 PM
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watch them make the hummer the size of a scion box..lol



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post #3 of 41 (permalink) Old 06-02-2009, 06:44 PM
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post #4 of 41 (permalink) Old 06-02-2009, 06:49 PM
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Quote:
Originally Posted by Odysseys View Post
watch them make the hummer the size of a scion box..lol
thatd be sweet

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post #5 of 41 (permalink) Old 06-02-2009, 06:53 PM
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watch them make the hummer the size of a scion box..lol
Why would they do that?

Odds are they are compensating more than most of us whiteys
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post #6 of 41 (permalink) Old 06-02-2009, 09:57 PM
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watch them make the hummer the size of a scion box..lol
They were going to make a H4 based of the Chevy Tracker at one time.

Anyone else thinking they want Hummer so they can make military vehicles out of them also?

I'm not crazy, my mother had me tested.
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post #7 of 41 (permalink) Old 06-02-2009, 10:00 PM
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one more step in obamas plan to destroy whats left of our economy
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post #8 of 41 (permalink) Old 06-02-2009, 10:05 PM
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one more step in obamas plan to destroy whats left of our economy
WAT! so gm strikes a deal with a asian company and you blame the president.

go time traveler style and go back in time, fuck his grandma, then shoot forward in time and then fuck his mom. Then return back to present state and call him a the product of two incest whores and hes your son and show video of you plowing the both members of his family. .
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post #9 of 41 (permalink) Old 06-02-2009, 10:06 PM
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one more step in obamas plan to destroy whats left of our economy
Not to rain on your parade bro.. but he walked into a shit storm...
I am not going to say I agree with everything... or that I would have done things the same or differently..

but the guy before him was the one who started giving them money... and it was ok with a lot of people on the right... now the guy on the left is doing it.. and it's wrong.

I wish people would determine what is right and wrong... not who is right and wrong.

If I shoot an innocent baby in the face it is wrong.. if the pope does it, is it ok?
No.
right and wrong are not right and left.
both parties have their good and bad points... and remember both sides are politicians, so odds are the bad outweighs the good.
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post #10 of 41 (permalink) Old 06-02-2009, 10:07 PM
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Originally Posted by elroy121 View Post
one more step in obamas plan to destroy whats left of our economy
lol what? you know what, better yet, fuck it, lets fire everyone

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post #11 of 41 (permalink) Old 06-02-2009, 10:10 PM
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Quote:
Originally Posted by YZFRob View Post
They were going to make a H4 based of the Chevy Tracker at one time.

Anyone else thinking they want Hummer so they can make military vehicles out of them also?
HAHAHHAHAHAA hummer is a far far cry from a humvee

-Jason
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post #12 of 41 (permalink) Old 06-02-2009, 10:25 PM
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Quote:
Originally Posted by C2M View Post
WAT! so gm strikes a deal with a asian company and you blame the president.
uh, yes, who owns GM now ??? oh yeah , the government,, who fired the ceo of gm?? oh, obama,, who says what kind of cars gm will be building in the future? oh, obama,, who appointed a 31 yr old to dismantle GM? oh, obama ,who commanded the shutdown of 3 thousand dealers? private buisnesses who cost GM and chrysler nothing? if your buisness was slow would you improve it by having less stores sell your product? , just because i disagree with obamas socialist marxist plan to "change" the country to his liking doesnt mean i liked bush or his socialism, but if you dont like bush's big spending why do you like obamas tripling of our deficit? a year from now when unemployment is 18% and taxes start to go up for everyone the koolaide will start to wear off and many of you will see the emporer wears no clothes
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post #13 of 41 (permalink) Old 06-02-2009, 10:29 PM
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Quote:
Originally Posted by iamnotgreg View Post
Not to rain on your parade bro.. but he walked into a shit storm...
I am not going to say I agree with everything... or that I would have done things the same or differently..

but the guy before him was the one who started giving them money... and it was ok with a lot of people on the right... now the guy on the left is doing it.. and it's wrong.

I wish people would determine what is right and wrong... not who is right and wrong.

If I shoot an innocent baby in the face it is wrong.. if the pope does it, is it ok?
No.
right and wrong are not right and left.
both parties have their good and bad points... and remember both sides are politicians, so odds are the bad outweighs the good.
i love it when the pope shoots babys in the face
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post #14 of 41 (permalink) Old 06-02-2009, 10:35 PM
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Quote:
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uh, yes, who owns GM now ??? oh yeah , the government,, who fired the ceo of gm?? oh, obama,, who says what kind of cars gm will be building in the future? oh, obama,, who appointed a 31 yr old to dismantle GM? oh, obama ,who commanded the shutdown of 3 thousand dealers? private buisnesses who cost GM and chrysler nothing? if your buisness was slow would you improve it by having less stores sell your product? , just because i disagree with obamas socialist marxist plan to "change" the country to his liking doesnt mean i liked bush or his socialism, but if you dont like bush's big spending why do you like obamas tripling of our deficit? a year from now when unemployment is 18% and taxes start to go up for everyone the koolaide will start to wear off and many of you will see the emporer wears no clothes
Said it before the election, it doesn't matter who gets in, we are ultra fucked. There was too much debt racked up in this country and that much debt is a boat anchor... try to tread the water all you want, but your ass is going down without question.

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post #15 of 41 (permalink) Old 06-02-2009, 10:38 PM
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cash out now and move to costa rica!
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post #16 of 41 (permalink) Old 06-02-2009, 10:43 PM
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Said it before the election, it doesn't matter who gets in, we are ultra fucked. There was too much debt racked up in this country and that much debt is a boat anchor... try to tread the water all you want, but your ass is going down without question.
you are correct on that
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post #17 of 41 (permalink) Old 06-02-2009, 11:02 PM
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Quote:
Originally Posted by Arch View Post
Said it before the election, it doesn't matter who gets in, we are ultra fucked. There was too much debt racked up in this country and that much debt is a boat anchor... try to tread the water all you want, but your ass is going down without question.
Question is.... when do we dismantle the government and turn over the keys to the whitehouse some other one?




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post #18 of 41 (permalink) Old 06-02-2009, 11:08 PM
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Question is.... when do we dismantle the government and turn over the keys to the whitehouse some other one?
that right there sounds down right treasonous

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post #19 of 41 (permalink) Old 06-02-2009, 11:11 PM
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post #20 of 41 (permalink) Old 06-02-2009, 11:11 PM
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Quote:
Originally Posted by elroy121 View Post
uh, yes, who owns GM now ??? oh yeah , the government,, who fired the ceo of gm?? oh, obama,, who says what kind of cars gm will be building in the future? oh, obama,, who appointed a 31 yr old to dismantle GM? oh, obama ,who commanded the shutdown of 3 thousand dealers? private buisnesses who cost GM and chrysler nothing? if your buisness was slow would you improve it by having less stores sell your product? , just because i disagree with obamas socialist marxist plan to "change" the country to his liking doesnt mean i liked bush or his socialism, but if you dont like bush's big spending why do you like obamas tripling of our deficit? a year from now when unemployment is 18% and taxes start to go up for everyone the koolaide will start to wear off and many of you will see the emporer wears no clothes
News flash gm didn't become the governments until Monday when they filled bankruptcy and started the procedure. And a deal like this would be in the works for way longer then the president has been in office. A company out of china is not going to move on the account of the us government

go time traveler style and go back in time, fuck his grandma, then shoot forward in time and then fuck his mom. Then return back to present state and call him a the product of two incest whores and hes your son and show video of you plowing the both members of his family. .
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post #21 of 41 (permalink) Old 06-02-2009, 11:13 PM
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no coincidence that they've been making Buicks (and other GM cars) in China for a while now.. Nah... It's all Obama's fault


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post #22 of 41 (permalink) Old 06-02-2009, 11:14 PM
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Quote:
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News flash gm didn't become the governments until Monday when they filled bankruptcy and started the procedure. And a deal like this would be in the works for way longer then the president has been in office. A company out of china is not going to move on the account of the us government
+1
if everyone remembers - there was a possible sale of Hummer to India not too long ago
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post #23 of 41 (permalink) Old 06-02-2009, 11:57 PM
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Question is.... when do we dismantle the government and turn over the keys to the whitehouse some other one?
its been in the works for a while now, its called the new world order which is code for one world government, the bilderbergers will be your new overlords with al gore decrying the global warming while enjoying his mansion and jetting around the world to tell us how bad jets are
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post #24 of 41 (permalink) Old 06-03-2009, 12:02 AM
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News flash gm didn't become the governments until Monday when they filled bankruptcy and started the procedure. And a deal like this would be in the works for way longer then the president has been in office. A company out of china is not going to move on the account of the us government
keep thinkin that comrade
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post #25 of 41 (permalink) Old 06-03-2009, 12:08 AM
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its been in the works for a while now, its called the new world order which is code for one world government, the bilderbergers will be your new overlords with al gore decrying the global warming while enjoying his mansion and jetting around the world to tell us how bad jets are
Surprisingly enough, it's headed mostly by former US patriots who jumped ship and went global.

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post #26 of 41 (permalink) Old 06-03-2009, 12:09 AM
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post #27 of 41 (permalink) Old 06-03-2009, 12:13 AM
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post #28 of 41 (permalink) Old 06-03-2009, 12:29 AM
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GM deserves everything they got . They should have built a better car.
GM's bean counters just wouldnt listen to the consumers. They just saw huge profits in suv's and trucks. Chrysler pretty much was the same.

Back when I built conversion SUV's we seen GM put more and more stock into SUV sales than they really should had. Quite a few cars they had slated never made it. Couple I think may had kept them from problems when gas went over $3 and people started clammouring for small econo cars. Big problem was people were buying these HUGE SUV's and 3/4-1ton trucks and really never even had a need for them other than to use them as status symbols. Ever see a crew cab dually diesel thats never hauled a trailer (even a 4x8) nor had anything put in its bed? I have. Kinda silly to drop $50+k on a truck and never even use it once for its original purpose.

I'm not crazy, my mother had me tested.
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post #29 of 41 (permalink) Old 06-03-2009, 12:32 AM
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GM's bean counters just wouldnt listen to the consumers. They just saw huge profits in suv's and trucks. Chrysler pretty much was the same.

Back when I built conversion SUV's we seen GM put more and more stock into SUV sales than they really should had. Quite a few cars they had slated never made it. Couple I think may had kept them from problems when gas went over $3 and people started clammouring for small econo cars. Big problem was people were buying these HUGE SUV's and 3/4-1ton trucks and really never even had a need for them other than to use them as status symbols. Ever see a crew cab dually diesel thats never hauled a trailer (even a 4x8) nor had anything put in its bed? I have. Kinda silly to drop $50+k on a truck and never even use it once for its original purpose.
But it was only a few hundred per month....

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post #30 of 41 (permalink) Old 06-03-2009, 12:39 AM
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its been in the works for a while now, its called the new world order which is code for one world government, the bilderbergers will be your new overlords with al gore decrying the global warming while enjoying his mansion and jetting around the world to tell us how bad jets are
Dude, you gotta chill out on the Jim Marrs books.
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