GM deals Hummer to Chinese buyer

[Guest Tony n Terrific]

The news comes a day after GM (GMGMQ) filed for bankruptcy in New York. The company did not identify the buyer nor name a price, saying only that the deal would close by the end of September.

But a source identified the buyer as Sichuan Tengzhong Heavy Industrial Machinery Company Ltd. in China.

Maybe a Chinese firm will buy Pontiac and Saturn Divisions.

 

http://money.cnn.com/2009/06/02/news/compa...sion=2009060212

[dnoblett]

Actually makes sense, there is a Chinese company producing a copy of the H1 Hummer.

 

Dongfeng

 

http://www.chinacartimes.com/wp-content/dong_feng_hummer.jpg

 

http://www.thetycho.com/beijing2008/dongfeng_hummer/dongfeng_hummer_2.jpg

[Randy W]

Actually makes sense, there is a Chinese company producing a copy of the H1 Hummer.

 

Dongfeng

 

 

 

Yeah - now they can keep the copyright infringement within a single country!

 

Check out the GM's Junk Heap link on that page

 

Hummer owners must be spinning in their (rolling) coffins!

[dnoblett]

Actually makes sense, there is a Chinese company producing a copy of the H1 Hummer.

 

Dongfeng

 

 

 

Yeah - now they can keep the copyright infringement within a single country!

 

Check out the GM's Junk Heap link on that page

 

Hummer owners must be spinning in their (rolling) coffins!

Two issues with the Vega listed at your link are:

1. Photo is of a highly modified car, for drag racing, a popular thing to do with the Vega, beef it up and drop a V-8 into it, makes for a scary FAST car.
   
2. Motor problem is attributed to early technology, when it reached 1977, the motor was perfected with the "Dura-Max" motor. Unfortunately too little too late.
   

http://money.cnn.com/galleries/2009/autos/...lem_cars/2.html

 

My collector car is a rare "Cosworth" model of the Vega, this car was hand picked and removed from the production line and then hand assembled in a different part of the plant, installing the special Twin-Cam electronic fuel injected all aluminum 2.0 liter 4. The Cosworth motor was hand built in Tonawanda, and never had the heat shear problems of the normal production motor.

Edited June 2, 2009 by dnoblett (see edit history)

[Stepbrow]

Just to add a little sarcasm: The Hummers for our soldiers and marines in Iraq and Afganistan only have to be shipped a short distance from China instead of all the way from the US.

[Sebastian]

Hey - aren't all the replacement parts for earlier models, still made in Mexico and Canada ? hmmmmm

[Guest Tony n Terrific]

Hey - aren't all the replacement parts for earlier models, still made in Mexico and Canada ? hmmmmm

The rallying cry has been to buy American. I think they mean buy North American.

[dnoblett]

Hey - aren't all the replacement parts for earlier models, still made in Mexico and Canada ? hmmmmm

The rallying cry has been to buy American. I think they mean buy North American.

YEP, N.A.F.T.A!!!

[Guest Pommey]

come on guys you know the whole company will be all in china in the next few years, just the HQ will remain here.

Building cars here is way to unprofitable.

[Guest ShaQuaNew]

The news comes a day after GM (GMGMQ) filed for bankruptcy in New York. The company did not identify the buyer nor name a price, saying only that the deal would close by the end of September.

But a source identified the buyer as Sichuan Tengzhong Heavy Industrial Machinery Company Ltd. in China.

Maybe a Chinese firm will buy Pontiac and Saturn Divisions.

 

http://money.cnn.com/2009/06/02/news/compa...sion=2009060212

 

Lots of bargains to be had. Bring your wallet. Everything must go...

[Urkidding]

The news comes a day after GM (GMGMQ) filed for bankruptcy in New York. The company did not identify the buyer nor name a price, saying only that the deal would close by the end of September.

But a source identified the buyer as Sichuan Tengzhong Heavy Industrial Machinery Company Ltd. in China.

Maybe a Chinese firm will buy Pontiac and Saturn Divisions.

 

http://money.cnn.com/2009/06/02/news/compa...sion=2009060212

 

Lots of bargains to be had. Bring your wallet. Everything must go...

 

Garage Sale?

 

http://i40.tinypic.com/4izuwn.jpg

[Guest ShaQuaNew]

In watching Chinese news this morning, they are not confirming that any Chinese company bought Hummer. They are reporting that it is a secret who bought it. Of course, the US news report confirms:

 

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.

[Daviation]

The Yahoo news report claims 3000 jobs saved in US. However, it only states those jobs will remain here until 2011. Is that long enough for the <....> to claim he saved those jobs?

 

 

Let's not get too carried away with slandering the president.

Edited June 3, 2009 by donahso (see edit history)

[Guest ShaQuaNew]

The Yahoo news report claims 3000 jobs saved in US. However, it only states those jobs will remain here until 2011. Is that long enough for the <.....> to claim he saved those jobs?

 

Far too many other US jobs are being lost that will likely not be replaced any time soon.

[Guest Tony n Terrific]

China's Sichuan Tengzhong Heavy Industrial Machinery says it has no plans to make General Motors' Hummer vehicles in China.

Rather than setting up a plant in China, Tengzhong will use the current facilities including their employees in the United States. In the Hummer deal, Tengzhong plans to retain its management, operational team and 3,000 of its employees, Xinhua said. The company also will assume existing Hummer dealer agreements.