GeneralDiscussionRejects

DaveG99

http://www.automotiveaddicts.com/4817/hummer-brand-being-sold-to-chinese-machinery-company

this truly is sad....

Just yesterday we announced General Motors filing chapter 11 bankruptcy and just today they have found a buyer for the Hummer brand. Hummer will continue to live on through a Chinese industrial firm.

General Motors has reached a preliminary deal to sell its Hummer brand in part of the effort to shed half of its eight U.S. lines to come out of bankruptcy as a leaner and meaner company.

A few media sources have reported today that the Sichuan Tengzhong Heavy Industrial Machinery Co. based in Chengdu, is the buyer for Hummer.

From what we have gathered, the buyers for Hummer are “serious” and plan on releasing public details about the transaction or buyout soon.

Once GM comes out of bankruptcy it will include the core product brands, Chevy, GMC, Cadillac and Buick. While that excludes almost half of it’s brands, GM will emerge as the “New GM” as a much stronger and slimmer company to be competitive along with the likings of Ford and the re-emerged Chrysler corp.

The transaction (Hummer buyout) should be closed by the third quarter of this year securing upwards of 3000 jobs in the U.S. As of now, GM has no immediate reports or comments on the buy of Hummer.
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scott1981 · Posted: Tue Jun 02, 2009 11:42 am Post subject:

Fuck the Chinese. GM sucks and Hummer was far too expensive but now our military is driving vehicles of a company owned by a communist nation. Fucking insane.
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squirtbottle09 · Posted: Tue Jun 02, 2009 11:48 am Post subject:

They should have merged hummer cadillac saab into one luxery group. Dropped buick.
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CrAz3D · Posted: Tue Jun 02, 2009 12:10 pm Post subject:

Ftruck05 · Posted: Tue Jun 02, 2009 12:39 pm Post subject:

You guys know the difference between Hummers and porcupines?

On a Hummer the pricks are on the inside! Laughing

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Raptor05121 · Posted: Tue Jun 02, 2009 6:57 pm Post subject:

alomar · O.G.D.R Joined: 17 Nov 2008 Posts: 837

Raptor05121 · Posted: Tue Jun 02, 2009 9:57 pm Post subject:

check your sources. General Dynamics could buy GM three times over. it is a defense conglomerate, not a plastic car maker
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DaveG99 · Posted: Tue Jun 02, 2009 9:59 pm Post subject:

there is a general dynamics here in Dallas at love field. I think they do aircraft also
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Only a life lived for others is a life worthwhile -Albert Einstein