David Clutched October 10, 2009 Share October 10, 2009 Iconic Hummer brand sold to Chinese manufacturer DETROIT (AP) -- Hummer, the off-road vehicle that once epitomized America's love for hulking trucks, is now in the hands of a Chinese heavy equipment maker. General Motors Co. and Sichuan Tengzhong Heavy Industrial Machinery Corp. finally signed the much-anticipated deal for GM to sell the brand on Friday. Tengzhong will get an 80 percent stake in the company, while Hong Kong investor Suolang Duoji, who indirectly owns a big stake in Tengzhong through an investment company, will get 20 percent. The investors will also get Hummer's nationwide dealer network. http://finance.yahoo.com/news/Iconic-Humme...set=&ccode= ↡ Advertisement Link to post Share on other sites More sharing options...
Friendstar Supercharged October 10, 2009 Share October 10, 2009 Lots of US companies will slowly get acquired by Chinese companies. its a world disaster Link to post Share on other sites More sharing options...
Drifter_99 Neutral Newbie October 10, 2009 Share October 10, 2009 wonder what will be the chinese name for hummer? "He Ma" (Hippo in chinese)? hahahaa Link to post Share on other sites More sharing options...
David Clutched October 10, 2009 Author Share October 10, 2009 wonder what will be the chinese name for hummer? "He Ma" (Hippo in chinese)? hahahaa hum mai? Link to post Share on other sites More sharing options...
Ultramega 1st Gear October 10, 2009 Share October 10, 2009 http://www.nbclosangeles.com/news/business...n-63874447.html GM sold it for $150 mil nia. So cheap. They must be damn desperate to get rid of it. Link to post Share on other sites More sharing options...
Tigershark1976 Turbocharged October 10, 2009 Share October 10, 2009 http://www.nbclosangeles.com/news/business...n-63874447.html GM sold it for $150 mil nia. So cheap. They must be damn desperate to get rid of it. 150mil its expansive alrd, its basically liability, not asset. The Chinese buy it bcos they are cash rich and they are eyeing for the branding and tech... Link to post Share on other sites More sharing options...
Mkl22 Supersonic October 10, 2009 Share October 10, 2009 (edited) Lots of US companies will slowly get acquired by Chinese companies. its a world disaster The USA already "acquired" by China, what more the companies.... :) Edited October 10, 2009 by Mkl22 Link to post Share on other sites More sharing options...
Comnet3505 Neutral Newbie October 10, 2009 Share October 10, 2009 China had ready had Hummer (China version) in 2007 http://www.youtube.com/watch?v=SJ6oC1gSz7E Link to post Share on other sites More sharing options...
Luckyboi_81 Neutral Newbie October 28, 2009 Share October 28, 2009 (edited) well, i think most people will still go for jap, and Korean brands..and also European brands.. will not go for china even it cheap Edited October 28, 2009 by Luckyboi_81 Link to post Share on other sites More sharing options...
GoodCar 4th Gear October 28, 2009 Share October 28, 2009 well, i think most people will still go for jap, and Korean brands..and also European brands.. will not go for china even it cheap How about the following car make in China, will you consider? - Honda Accord (Guangzhou) - BMW ( Beijing) - VW Passat (Shangai) - Audi (Changchun) Link to post Share on other sites More sharing options...
Alfisti168 1st Gear October 28, 2009 Share October 28, 2009 bro goodcar, uu forgot mercedes e class leh. Heard got MIC e classes too. Link to post Share on other sites More sharing options...
1l0v3you Clutched October 28, 2009 Share October 28, 2009 wonder what will be the chinese name for hummer? "He Ma" (Hippo in chinese)? hahahaa LOL hahahaha [laugh] Link to post Share on other sites More sharing options...
Alfisti168 1st Gear October 28, 2009 Share October 28, 2009 Then Honda how? Will it be Hen Da (very big in chinese) Link to post Share on other sites More sharing options...
GoodCar 4th Gear October 28, 2009 Share October 28, 2009 bro goodcar, uu forgot mercedes e class leh. Heard got MIC e classes too. Jiala liao, I must go and do the frontal "cortex" scanning liao, brain de-generating, cannot vivo liao. Link to post Share on other sites More sharing options...
Alfisti168 1st Gear October 28, 2009 Share October 28, 2009 Jiala liao, I must go and do the frontal "cortex" scanning liao, brain de-generating, cannot vivo liao. I can help you do that scanning ex vivo, cheap price somemore, want?? Link to post Share on other sites More sharing options...
Rayoh Neutral Newbie October 28, 2009 Share October 28, 2009 few years down the road... Roll out Baby Hummer Hummer = Han Bao Baby Hummer = Han Bao Bao >>>> Cheese burger anyone ? Link to post Share on other sites More sharing options...
Starengine Neutral Newbie October 28, 2009 Share October 28, 2009 like IBM sold PC to china few yrs ago, now thinkpad still not cheap and good at quality, and this helps lenovo growing... well, i think most people will still go for jap, and Korean brands..and also European brands.. will not go for china even it cheap Link to post Share on other sites More sharing options...
Alfisti168 1st Gear October 28, 2009 Share October 28, 2009 (edited) deleted Edited October 28, 2009 by Alfisti168 ↡ Advertisement Link to post Share on other sites More sharing options...
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