Tuesday, June 2, 2009

NYT – G.M. to Sell Hummer to Chinese Company

The New York Times reports that G.M. will sell the Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Company Ltd., a Chinese company.  The article states, “Sichuan Tengzhong could bring Hummers to the crowded streets of China’s big cities….” 

I understand that G.M. has to shed assets and save jobs, but isn’t selling America’s most inefficient passenger vehicle to the most polluted country on earth a little irresponsible?  Also, doesn’t it troubling to know that one of the most recognizable vehicles in the US military will be owned by the Chinese? 

I know, I know…It’s a clusterfuck however you slice it and there’s no easy out.  I’m just making observations.

3 comments:

  1. I love the irony of this deal. But, who else would buy hummer. The brand's a dog these days. Oh how the mighty have fallen.

    ReplyDelete
  2. Absolutely, it's the ultimate irony. Fitting too. Hummer is the picture of American excess. I can't think of a better example of an item that helped drive our country to the poor house. In order to survive, we're forced to sell this item to our biggest "investor" who can now afford what we no longer can.

    Hooray Progress!

    Thanks for stopping by, philzombi!

    ReplyDelete
  3. Actually, preliminary reports say the Chinese are buying the"Hummer" brand including the H2 & H3 which are currently owned by GM. The H1 (the U.S. Military vehicle) is built by AM General which is a separate entity altogether and not part of this deal.

    ReplyDelete