Hummer Sold !!!!

[XM DUDE]

I don't own a Hummer, but I just had to chime in here this deal sucks as this country is run by liberals and bit by bit they are destroying things that make this country great. I would not buy a Chinese made Hummer, so you lucky Hummer owners hold on to them as they will really go up in value now.

[vetteSUT]

http://news.yahoo.com/s/ap/20090602/.../us_automakers

Hummer is now owned by CHINEEEESEEEE!!!! Crap crap crap. Well, I guess they pretty much own our country financially speaking as well.....


I was hoping someone in the States bought it...

[Pure_Justice]

GM deals Hummer to Chinese buyer
Bankrupt automaker won't disclose details of deal to sell truck line, but source identifies buyer as Sichuan Tengzhong.




NEW YORK (CNNMoney.com) -- General Motors Corp. has signed a deal to sell its Hummer truck unit to a Chinese industrial company, a person with knowledge of the deal said Tuesday.

The news comes a day after GM (GMGMQ) filed for bankruptcy protection 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.

As part of the deal, some GM plants will continue to build the Hummer brand for the new owner, at least for awhile. The company said its Shreveport, La., plant will keep building Hummers for the new owner until at least 2010.

"I'm confident that Hummer will thrive globally under its new ownership," said Troy Clarke, president of GM North America, in a press release. "And for GM, this sale continues to accelerate the reinvention of GM into a leaner, more focused, and more cost-competitive automaker."

GM also said that the deal should protect more than 3,000 jobs in manufacturing and engineering, and at dealerships "around the country."

The sale of the Hummer brand to a Chinese company will not impact the production of U.S. military vehicles. Military Humvees are produced by a different company, privately held AM General, based in South Bend, Ind.

AM General used to make Hummers, but they sold the brand to GM in 1999.

The Hummer and other large vehicles have been a drag on the U.S. auto industry since fuel prices spiked in 2008 and the recession deepened.

GM said it sold 5,013 Hummers worldwide in the first quarter, down 62% from the 13,050 that it sold in the same period the prior year.

Hummer isn't the only brand that GM is leaving behind. The automaker will also shed its Pontiac, Saturn and Saab brands and cut loose more than 2,000 of its 6,000 U.S. dealerships by next year.

That could result in more than 100,000 additional job losses if those dealerships are forced to close.

GM filed for bankruptcy hours after Chrysler's bankruptcy process cleared a hurdle when a federal judge approved its asset sale.

The GM bankruptcy was hailed by President Obama, who wants a complete overhaul of the U.S. auto industry, even though the Chapter 11 filing is expected to result in the loss of 20,000 jobs and the closure of a dozen facilities.

[DRTYFN]

Oh shit!!

[NewHummerGuy]

The only wording that makes this even remotely stomachable (this isnt a word i am sure) is Heavy Industrial Machinery Company.

[Cazador]

Frackin Chinese!

That's a real let down. Wonder what that's going to do for resale value?

I think I would have rather seen them close up shop for good rather than operate under the Chinese.

[BKLYNH2]

Good thing there's no "L" in Hummer...

[Bully13]

I'm not sure if the fact that a Chinese company now owning Hummer is really going to make a difference. However, I was caught a bit off-guard when I took my h2 in to service today and a 7 yearold took my keys and did the write up...

[Intercooled]

Its a bit confusing. Its sounds like it will be chinese owned but contracted out to GM? Is that what they are saying? Would that still be considred an American built machine by American people? Sounds like GM will poduce all the Hummer models as a sub contractor to the Chink company, remaing an American built auto??

[IRA51]

MADE IN CHINA ,BY HUNG TOO LOW .

[DRTYFN]

Originally Posted by Bully13

I'm not sure if the fact that a Chinese company now owning Hummer is really going to make a difference. However, I was caught a bit off-guard when I took my h2 in to service today and a 7 yearold took my keys and did the write up...

[CONRAD II]

Originally Posted by Bully13

I'm not sure if the fact that a Chinese company now owning Hummer is really going to make a difference. However, I was caught a bit off-guard when I took my h2 in to service today and a 7 yearold took my keys and did the write up...

FYI that wasn't a seven yr. old, Chinese people are notoriously small people. Get used to it.........

[OrangeCrush]

Originally Posted by XM DUDE

I don't own a Hummer, but I just had to chime in here this deal sucks as this country is run by liberals and bit by bit they are destroying things that make this country great. I would not buy a Chinese made Hummer, so you lucky Hummer owners hold on to them as they will really go up in value now.

I had to laugh. You don't even own a Hummer but still have over 500 posts. There are members here that do own a Hummer and don't have half that....

[Faustus100]

Im so happy that the H2 will still be made.Ive had mine for about a year and its the best truck Ive ever had-by far!!!!Im keeping mine until I die and wouldnt get rid of it for the world!!I hope to get another next year-its the only truck for me

[guruerror]

I see everyone's point...and 'yes' it is good that Sichuan has 'no plans to manufacture Hummer in a Chinese plant.' More jobs in America...that's great.

BUT...there's just certain things that (up until now at least) have been inherently 'American'...that just make you think 'U.S.A.' when you hear them...Hummer, Jeep, Cadillac these are some of the things that are synonymous with our country. When I hear Hummer thoughts of Desert Storm, the American military, rocky switchbacks on a Colorado mountain come to mind; Jeep rouses visions of the wide open countryside that sprawls across our mid-west, freedom, and the ability to 'go anywhere'; and Cadillac...well, Cadillac makes me think of those long, shiny metal monsters of my youth that floated along the long stretches of interstate with over 400 cubes , an 8-track tape player, and fender skirts. These are American things...these are things that represent 'who we are/were' as a country and as a people. Are they all completely reasonable, sensible, and environmentally friendly symbols? No...but they're still 'our' symbols...they're still 'our' icons.

So, while I'm glad that American's working in these plants will still have their jobs, I'm disheartened that this young American icon will no longer truly be an 'American' icon. I said it before, 'it'll be me and my '05 until one of us dies.' I will not by a Chinese Hummer.

[DRTYFN]

You better not open your eyes or you'll see just how "un-American" everything else is.

[spoolking]

whatever happens i will still have my h2 chinese or no chinese still the baddest truck on the planet thats why they want it

[CUZICAN]

Got a call from a sales rep today to share the news of the buyout and they are already reducing some of the rebates. On a H3 he said it is now either the $5000 or 0% financing, not both. The other thing that is gone is the GM supplier discount. I think for the time being if we're going to add a 2nd Hummer to the garage it will be a used one.