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 ...
if the chinese own Hummer, will they be supplying the military?
Note:No one is buying the damn things, they have them marked down 50%.
I'd say the Chinese are buying the equipment and tools, I doubt it will build a hummer.
oy. You can cut the word “hummer” out and insert any other American asset. That’ll help you get my point.
I should have said, “that’ll clarify my point.” My bad.
I’m sure our service men will be thrilled, to soon be riding around in a shiney new ChiCom vehicle.
I’m sure the Chinese will be able to come up with a stealth device, to locate each of ‘their’ vehicles, in time of war.
Stupid short-sightedness of the American auto manufacturer... may they rot in a Chinese hell-hole.
When they first started selling the civilian version it came off of the military lines. They sold the production rights to the civilian hummer to general motors Now Government Motors. Who then bastardized it by putting a hummer style body on a suburban frame, pan. Another screw the public moment by GM.
The US military has never purchased the Hummer and GM has never produced the Humvee (which the military continues to purchase.
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