Hummer to be sold to Chinese firm
June 2, 2009
BBC News
General Motors is to sell its Hummer brand to China's Sichuan Tengzhong Heavy Industrial Machinery for an undisclosed amount.
It is part of GM's plan to reinvent itself by concentrating on fewer brands following Monday's bankruptcy filing.
GM says it hopes the deal will save about 3,000 jobs in the US. Hummer will remain based in the US.
Tengzhong specialises in making equipment for the road, construction and energy industries.
It is based in China's Sichuan province.
Hummers were originally built as military off-road vehicles by a company called AM General.
GM bought the Hummer brand in 1999. Its sales have suffered as the gas-guzzling performance and military image have become less popular... .
http://news.bbc.co.uk/1/hi/business/8080349.stm
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This lends new meaning to the concept of poetic justice!
I absolutely love it!
Hummers--symbols of all that was wrong in America during the Bush years--symbols of aggressive kick-ass U.S. capitalism that thought it could run roughshod over Iraq and as much of the rest of the planet as it wished--will be made by "Commies"!
Will all the bad boys I used to see cruising Wal-Mart Stores, Inc.'s Walton Boulevard in Bentonville, Arkansas, with their American flags flapping and the National Rifle Association and Pisces symbols appropriately displayed buy a new model Hummer made by "Godless Communists" in China?
D. Grant Haynes
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