Hummer to close after collapse of Chinese deal

Pepe Silvia
Pepe Silvia Posts: 3,758
edited February 2010 in A Moving Train
i wonder if there was at least a happy ending?

http://money.cnn.com/2010/02/24/news/co ... /index.htm

Hummer to close after collapse of Chinese deal
NEW YORK (CNNMoney.com) -- General Motors' deal to sell its Hummer brand to a Chinese automaker fell through Wednesday and the company said it now plans to shut down the brand.

GM did not give any details about why the agreement to sell Hummer to Sichuan Tengzhong Heavy Industrial Machines Co. Ltd. could not be completed, saying only that it was disappointed it was unable to close the deal.

The large SUV brand is based on the Humvee military vehicle. It was always a niche vehicle but its image and sales were hit particularly hard by rising gasoline prices earlier this decade. Last year, GM only sold 9,046 Hummers, down 67% from 2008.

Hummer is the third brand that GM is being forced to shut down as part of its bankruptcy reorganization last year. A deal to sell Saturn fell through and GM is also closing the Pontiac brand, which it never attempted to sell.

Chinese automakers have shown interest in buying established western brands as companies there strive to become more global players. Geely is in the process of buying the Volvo brand from Ford Motor (F, Fortune 500) and Beijing Automotive Industry Holdings Co. bought the rights and technology to build some Saab models in China from GM.
don't compete; coexist

what are you but my reflection? who am i to judge or strike you down?

"I will promise you this, that if we have not gotten our troops out by the time I am president, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank." - Barack Obama

when you told me 'if you can't beat 'em, join 'em'
i was thinkin 'death before dishonor'
Post edited by Unknown User on
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Comments

  • norm
    norm Posts: 31,146
    man, what will douchebags drive now?
  • South of Seattle
    South of Seattle West Seattle Posts: 10,724
    norm wrote:
    man, what will douchebags drive now?
    Cadillac still makes the Escalade right? :mrgreen:
    NERDS!
  • norm
    norm Posts: 31,146
    South of Seattle wrote:
    norm wrote:
    man, what will douchebags drive now?
    Cadillac still makes the Escalade right? :mrgreen:

    simpsons-the-doh-49005791.jpg
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    norm wrote:
    man, what will douchebags drive now?


    I asked one of these H2 owners once if it would have been cheaper to get his forehead tattooed with "needs attention".
  • Godfather.
    Godfather. Posts: 12,504
    norm wrote:
    man, what will douchebags drive now?

    Toyoda's :lol:

    Godfather.
  • aerial
    aerial Posts: 2,319
    unsung wrote:
    norm wrote:
    man, what will douchebags drive now?


    I asked one of these H2 owners once if it would have been cheaper to get his forehead tattooed with "needs attention".
    FUNNY!!!
    “We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution.” Abraham Lincoln
  • rebornFixer
    rebornFixer Posts: 4,901
    In related news, a corresponding surge in penis extention surgeries is expected ...
  • Godfather.
    Godfather. Posts: 12,504
    what's the big deal with owning a Hummer ? if you were wealthy enough to own a castle why would you live in a
    apartment ?

    my thought on this stuff with SUV's is if you work for it,can afford it then have it,
    if the issue is fuel consumption or pollution there are much bigger issue's to worry about.
    also everybody is looking for a little attention some how or way and how and why we
    seek it is part of what makes us different,successful or even happy. ;)

    Godfather.
  • pandora
    pandora Posts: 21,855
    people look ridiculous in Hummers- we have a bitty housewife in our neighborhood driving one- makes it look like you are ready for all out war
  • rebornFixer
    rebornFixer Posts: 4,901
    pandora wrote:
    people look ridiculous in Hummers- we have a bitty housewife in our neighborhood driving one- makes it look like you are ready for all out war

    :lol:
    For sure ... There's this tiny Asian girl neighbour of mine who can't be more than four feet tall, and she drives this crazy-ass bright yellow tank. She must sit on a stack of four or five phone books just to see over the dash.
  • Godfather.
    Godfather. Posts: 12,504
    well as I said..everybody is looking for a little attention even little Asian women :lol:
    nothing wrong with that...crap wish I could afford one my wife would be stoked !

    Godfather.
  • cincybearcat
    cincybearcat Posts: 16,892
    Why do other people care how others spend their money?

    Is it really because you feel they are hurting the environment more than you? Is it jealousy? Seriously, why is it?

    Someone asked "what will doucebags drive now"...well they drive all sorts of cars and bitch about what others drive.
    hippiemom = goodness
  • blackredyellow
    blackredyellow Posts: 5,889
    cincybearcat wrote:
    Why do other people care how others spend their money?

    Is it really because you feel they are hurting the environment more than you? Is it jealousy? Seriously, why is it?

    Someone asked "what will doucebags drive now"...well they drive all sorts of cars and bitch about what others drive.

    I agree somewhat, but it's comical to see the suburban housewife or white collar guy driving a hummer around town. It's stereotyping, but we've all see people in these big rugged vehicles that buy them for the look or as status symbols.

    A couple of weeks ago I stopped at the supermarket and this soccermom looking lady with her little daughter pulled in next to me in a big Land Cruiser with a grill brush guard and all sorts of other options on it... It just made me laugh, the closest that that thing has probably seen to the off-road was the line of shrubs along their driveway.
    My whole life
    was like a picture
    of a sunny day
    “We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
    ― Abraham Lincoln
  • pandora
    pandora Posts: 21,855
    I don't care how people spend their money etc I just know when I see one coming I think Why in Gods name do you feel the need to drive a tank in the city, you look silly? Now maybe I'll be jealous one day if a homeland war breaks out and those folks are ready for the hard artillery and I'm left running in my old jag.
    I saw a big black Escalade at the store the other day having trouble fitting in the spot.The driver exits and the side mirrors automatically go in-zip!- I'm thinking good thing too bad theres not a compactor button so you actually can fit in the spot. What's the purpose of something so damn big?
  • Godfather.
    Godfather. Posts: 12,504
    pandora wrote:
    I don't care how people spend their money etc I just know when I see one coming I think Why in Gods name do you feel the need to drive a tank in the city, you look silly? Now maybe I'll be jealous one day if a homeland war breaks out and those folks are ready for the hard artillery and I'm left running in my old jag.
    I saw a big black Escalade at the store the other day having trouble fitting in the spot.The driver exits and the side mirrors automatically go in-zip!- I'm thinking good thing too bad theres not a compactor button so you actually can fit in the spot. What's the purpose of something so damn big?

    again my friend it's attention, "look how successful I am" or "see what I got"
    I knew a guy in Lakeside Ca. that owns a scrap metal yard and is worth big money
    but if you saw him on the street you would not know it by his clothing or his old
    car he drives,he is one of the few people I know that avoids attention to him self.

    Godfather.
  • flywallyfly
    flywallyfly Posts: 1,453
    cincybearcat wrote:
    Why do other people care how others spend their money?

    Is it really because you feel they are hurting the environment more than you? Is it jealousy? Seriously, why is it?

    Someone asked "what will doucebags drive now"...well they drive all sorts of cars and bitch about what others drive.

    For myself it is not caring about how others spend their money. It is about all of the gas guzzlers effecting supply and demand of gas resulting in higher gas prices for everyone. This also effects the economy . Of course these people have more disposable income to spend on higher gas pices than poorer people so why should they care, right?
  • polaris_x
    polaris_x Posts: 13,559
    hummers are symbolic of what's wrong with the world ...

    excess beyond excess ... sure, i guess it's really not any of my business what someone is legally allowed to do but i can honestly say this is a good day for market principles ...
  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,459
    flywallyfly wrote:
    cincybearcat wrote:
    Why do other people care how others spend their money?

    Is it really because you feel they are hurting the environment more than you? Is it jealousy? Seriously, why is it?

    Someone asked "what will doucebags drive now"...well they drive all sorts of cars and bitch about what others drive.

    For myself it is not caring about how others spend their money. It is about all of the gas guzzlers effecting supply and demand of gas resulting in higher gas prices for everyone. This also effects the economy . Of course these people have more disposable income to spend on higher gas pices than poorer people so why should they care, right?
    yeah these hummers get like 11 miles per gallon so if they want to pay for it be my guest...i just can't stand the overall "hey look at me" attitude of the owners.

    one of the guys i used to fight with owned 2 of them and was the head of some hummer club here in my town. he was a flashy guy with that "hey look at me" schtick..during training when we would drill or fight each other whenever i had a chance i would always crank just a little bit harder on my chokes or armbars for that very reason...i used to love making that guy tap lol...
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • norm
    norm Posts: 31,146
    cincybearcat wrote:
    Why do other people care how others spend their money?

    Is it really because you feel they are hurting the environment more than you? Is it jealousy? Seriously, why is it?

    Someone asked "what will doucebags drive now"...well they drive all sorts of cars and bitch about what others drive.

    Why do you care if people care about it?
  • megatron
    megatron Posts: 3,420
    and now if ed hardy and tanning booths close down the world will be at peace

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