Hummer To China
June 2nd, 2009 10:05 PM
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Automotive News [sub] cites two reports that Hummer will be puchased by Sichuan Tengzhong Heavy Industrial Machinery Co of Chengdu, Sichuan Province, China. Sichuan Tengzhong does not currently build cars or trucks, focusing on road and maintenance equipment. No word yet on the agreed-upon price. Meanwhile, GM tells the AP that it is currently entertaining offers from no fewer than 16 interested parties for its Saturn brand. Hey, I want Saturn too . . . better make that 17.
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apparently the japanese in on the game too http://www.militaryphotos.net/forums/showpost.php?p=1740982&postcount=2 The chinese also have this thing which looks pretty awesome for off-road: http://www.sinodefence.com/army/logistics/bj2022.asp
Sorry to spam the thread, but this bit from the NYT article is especially hilarious given my posts above: Derek Scissors, a research fellow at the conservative Heritage Foundation in Washington, said that the Obama administration should review the Hummer sale on national security grounds to make sure that no sensitive technology from the Humvee is transferred to China. Hard to say who is more idiotic. Mr. Scissors, the Heritage Foundation for employing him, or the NYT idiot-check department. http://www.nytimes.com/2009/06/03/business/03auto.html
As per MG-Rover who made cars in UK for years, the Chinese Hummer (Chummer?!) debacle will probably go something like this.... 1. have a media and "economic-crisis" induced share price wobble 2. have a Chinese co. shown an interest 3. media go crazy 4. chinese pull out and let it go bankrupt (or a lot lot cheaper) 5. come back in and "rescue" the brand 6. say not many jobs will be lost 7. pack up the tools and ship 'em to China 8. sell Chinese made Chummers to the Chinese 9. sell Chinese made military Chummers to the PLA.... 10. sell Chummers to the Russians 11. sell Chummers to the Indians 12. sell Chummers to the Gulf States 13. watch the US bellow with indignation as crappy new 2010 Chummers re-appear in the US for sale at the same price as 2009 (but with half the production costs) and the sales $$$$ going back to China...