"You likee hummer GI?"
Posted on 06/02/2009 6:16:36 PM PDT by Red in Blue PA
General Motors Corp. has a tentative agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co. of China, the company confirmed today.
GM announced Tuesday that it has a memorandum of understanding to sell the brand of rugged SUVs to the Chinese corporation. Sichuan Tengzhong deals in road construction, plastics, resins and other industrial products, but Hummer would be its first step into the consumer automotive business.
General Motors has not yet confirmed the the price being paid for it's SUV-only division, but said the sale will likely save more than 3,000 U.S. jobs in manufacturing, engineering and at various Hummer dealerships.
(Excerpt) Read more at foxnews.com ...
Obama is kissing the asses of the UAW and the Chinese.
He's very pragmatic, this president.
"Rugged SUVs?" LOL. More like minivans with lift kits.
You got that right!
I keep thinking of that movie “Gung Ho” with Michael Keaton.
Yeah it may save a few jobs.. for NOW.
I don’t see too many people rushing out to buy Hummers anyway - why would they have sold the division otherwise? Especially now, for many reasons!
This wasn’t thought out with American’s interests in mind, but what can you expect from Chamberlain v2.0.
It's nice to see the Chinese sending some money back, but not at fire sale rates. They've won.
"You likee hummer GI?"
GM Suit #1: How the hell are we gonna get rid of Hummer?
GM Suit #2: I know! We'll get the Chinese to buy it!
At least we know there are leakers in the Obama camp since half his camp is ex “journalists” anyway.
Isn’t Hummer a military vehicle?
HMMWV (Humm-vee) stands for High Mobility Multi-Purpose Wheeled Vehicle
er -— Yes, it is (was) not there’s I don’t know how many generations (3? 4?) of civilian versions.. they have a breather tube - they can be driven through deep water without bogging out.. but most civilians I know with them barely dare to drive them in rain.
I think that you are right. The new 2016 CAFE standards will kill the Hummer in the US. The Chinese just flushed $500 million down the toilet unless they dismantle the plant and rebuild it in China.
Ha! That’s nothing compared to the number of times the Pravda article about the demise of capitalism has been posted.
A dumbed-down one these days, I trust. Nonetheless, probably cutting edge in China.
Well, then there’s that......
I must FReep too much. I’m of the mind that there are actually only five news stories on any given day.
The rest are just duplicates.
I read FR first and THEN check Fox, Drudge......
;-)
I've only ever seen one (civilian) H2 that was set up for serious off-roading, and looked like it had been used for off roading. The rest don't get any further off road than the Burger King parking lot.
The question is, the US Military still uses a lot of 'em... What, now? Will the US Army be buying replacements and spares from the Chinese? Great, all the GIs will have lead poisoning within a year if the Chinese's record with kids toys is any indication...
I was wondering the same thing. our military will have to depend on the chinese to build their most popular vehicles, WTF???
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