WTF?? GM Selling Hummer to China?? WTF??

  • Wanna Join? New users you can now register lightning fast using your Facebook or Twitter accounts.
numba2stunna

numba2stunna

Sicc OG
#1
Jun 4, 2004
3,183
7
0
#1
China questions Hummer sale

Hummer’s proposed sale to a Chinese machinery manufacturer has been met with continued derision among China’s media and car industry.

GM has agreed a deal with Sichuan Tengzhong Heavy Industrial Machinery Co., but there remain doubts that the sale will be ratified by the Chinese government.

Industry analysts, the Communist state media and car executives have all questioned the Sichuan’s move, with one news agency describing it as “a snake attempting to swallow an elephant.”

A Chinese Communist party spokesman said: “Is it an international acquisition or an international joke?”

China's official Xinhua News Agency said that Sichuan's move could be simply a publicity stunt to try and raise its profile and gather capital for the firm.

It said: “It couldn't achieve this result (of raising its profile) even if it spent $100million (£60million) on advertising.”

China's Ministry of Commerce said at a press briefing that Sichuan had yet to file for government approval for its Hummer acquisition.

He said it was normal for Chinese firms to go global, but he seemed to pour cold water on the Hummer deal when he said: “We hope Chinese companies learn more about international market rules and development trends in their industries and make prudent investments.”

The US government is unlikely to block the sale of Hummer to a Chinese company as part of GM’s restructuring process, as it is eager to offload GM's unprofitable assets.
 
numba2stunna

numba2stunna

Sicc OG
#2
Jun 4, 2004
3,183
7
0
#2
Then look at this shit... just when they get the MPG up on these beasts..... they selling out to the Bootleg/Counterfeit Capital of the World.....

Raser Technologies Shows Off 100-MPG Hummer on Capitol Hill

A Hummer that gets 100 miles to the gallon is virtually unheard of, but Raser Technologies along with Sen. Hatch from Utah displayed a GM H3 that will hopefully push the development of plug-in hybrid technology towards the realm of consumer affordability.

Given Barack Obama’s recent fuel efficiency standards, vehicle manufacturing companies are putting forth more of an outspoken effort to develop technologies that are cleaner, more efficient, but more importantly, affordable to the common consumer. Alongside the car companies themselves are a multitude of different, more independent groups finding ways to turn current market vehicles into some of the most fuel efficient machines on the road.

Normally when you think of fuel efficient vehicles, GM’s Hummer doesn’t exactly come to mind. But yesterday, Raser Technologies showcased its 100 mile per gallon Hummer with the help of Utah Senator Orrin Hatch. Capitol Hill was filled with cameras and journalists as Sen. Hatch test drove the candy apple red H3 plug-in hybrid; the vehicle boasted a little over a 400 mile range without either a charge or a fill-up. Hatch invited his fellow politicians to try out the technology for themselves; he noted how indispensable the development of plug-in hybrids are to weaning the Unites States off of oil while keeping the development of such important technology at home.

Hatch’s personal plea amongst his fellow politicians culminated into a direct appeal to Barack Obama that such technology needs to be fostered, both in the context of short and long term goals in our energy policy. Hatch, who’s been an outspoken advocate of hybrid technology, has high hopes that it’ll become more affordable so that the average hybrid vehicle sold won’t cost much more than its non-hybrid counterpart.

Currently, the GM restructuring plan involves seeing the Hummer brand sold off in China. Hatch urged Obama to prevent the selling of the well known gas-guzzling behemoths, especially since he believes “the US is on the cusp of integrating environmentally friendly and affordable hybrid technologies” into these normally environmentally disastrous vehicles.

Kraig Higginson, chairman of Raser, said that although the current trend is to turn smaller, more compact vehicles into hybrids, there is still little done to address the fact that it’s the utility of SUVs and trucks that some citizens could never live without. Offering a cleaner, more fuel efficient hybrid alternative to the vehicles some Americans need the most may be a key turnaround point within the whole scheme of the plug-in hybrid revolution.

People such as farmers, parents, and business owners aren’t driving gas guzzlers just cause, they’re holding onto them because hybrid technology has yet to make its debut in an affordable manner on the vehicles they need. Hopefully, companies like Raser and politicians like Sen. Hatch can open up some eyes in Washington, D.C. and make vehicles like this a market reality.

 
SC_408

SC_408

Sicc OG
#4
Oct 3, 2006
5,631
1,842
113
38
#4
haha good luck drivin them hummers around china, those fuckin things will take up the whole road with them small ass streets they got
 
MEXCOM

MEXCOM

Sicc OG
#9
Feb 9, 2003
8,398
58
48
50
#9
Funny how everyone and their momma used to talk shit about Japanese products and quality and how in less than a decade they improved over American made products by a factor of thousands. Same with China. You all talking shit now...even though you're all using Chinese manufactured goods.
 
FATAL NYGHTMARE

FATAL NYGHTMARE

Sicc OG
#12
Apr 25, 2002
9,595
5
38
#12
2-0-Sixx said:
because no one buys hummers their sales are a joke
Click to expand...
Not anymore, but before gas went up to around $3 a gallon and the housing economy took a shit they were very popular amongst people who thought they had money and wanted to look high class in an SUV. Real Estate folk were the number one buyers. I used to work for a GM dealership back in the day and we couldn't keep an H2 on the lot for more than 3 days. Now you can't give one away.
 
DuceTheTruth

DuceTheTruth

No Flexxin No Fakin
#14
Apr 1, 2003
6,884
6,017
1
45
#14
GM Has done a lot of things in the past that were questionable.....

One of them was the discontinuation of Oldsmobile....

And then Pontiac and Hummer. But at the end of the day it's business and you have to do what needs to be done in order to survive..

And with that being said GM it seems is finally starting to get the formula down.

Gone are the days of the penny pinchers who made cars like







...in come the adventurist (Thankyou Lutz!) and now you shall see shit like....











....WHY WHY WHY????!!!!!!!!!!.........This would be the next Saturn Aura and the upcomming Regal in China.






Even with those brands gone...I think they are back on the right path.
 
You must log in or register to reply here.
Top Bottom