Harry P. Posted October 9, 2009 Posted October 9, 2009 It has just been announced that GM has agreed to sell Hummer to the Chinese company Sichuan Tengzhong Heavy Industrial Machinery. Yet another bit of America now owned by China.
Harry P. Posted October 9, 2009 Author Posted October 9, 2009 I agree, good riddance to Hummer. It's just ironic that it went to the Chinese... as if they don't already own enough of America...
gasman Posted October 9, 2009 Posted October 9, 2009 not really sad at all, let them have those things! they've run thier course in the U.S., we are done with them and good for the Chinese if they really want them, Maybe GM can get them to agree to buy Saturn too. Dave I agree...good riddence. There big, overpriced, gas hogs, and they take up space at used car lots. let them die. They where a good idea in hindsight but they died when gas hit $4.00 a gallon.....and havent recovered with gas cheaper now.
Eshaver Posted October 9, 2009 Posted October 9, 2009 Calling Misters Alfred Sloan , Bill Mitchell, and Harley Earl to the front ! Ed Shaver
FujimiLover Posted October 9, 2009 Posted October 9, 2009 (edited) It has just been announced that GM has agreed to sell Hummer to the Chinese company Sichuan Tengzhong Heavy Industrial Machinery. Yet another bit of America now owned by China. Hmmmm, if you re-arange the words here a bit, Sichuan Tengzhong Heavy Industrial Machinery, take the first letters, it could spell......................... What an odd name. To be honest, I could care less about Hummer. It's probably the most useless cars out there unless it's the real Military version. But basically, the civilian re-bodied Suburban is the most useless. Anybody gonna by NASA? : Edited October 9, 2009 by FujimiLover
Harry P. Posted October 9, 2009 Author Posted October 9, 2009 I would never pay for a Hummer. I wonder if the Chinese Hummers will be sold here? And if so, for how much? If the Chinese can build them for a lot less than we did (lower labor costs), and maybe sell them for substantially less than they used to cost when they were a "domestic" brand, would they sell here in bigger numbers than they did before? Would be interesting to see how that plays out... How ironic it would be if a failed brand that we couldn't successfully sell here was sold to the Chinese, who then turned around and sold us our own vehicles at a lower price than we could manage ourselves???!!!
cruz Posted October 9, 2009 Posted October 9, 2009 I would never pay for a Hummer.Unless I divorce my wife, I would'nt either!!!!
Modelmartin Posted October 9, 2009 Posted October 9, 2009 The US is still the largest economy in the world by a good measure. I believe China is the third largest. Germany Second? Anyway, good riddance to Hummer. Maybe China will buy Chrysler, too! We can sell them all of our derelict industries!
BigGary Posted October 9, 2009 Posted October 9, 2009 (edited) The US is still the largest economy in the world by a good measure. I believe China is the third largest. Germany Second? Anyway, good riddance to Hummer. Maybe China will buy Chrysler, too! We can sell them all of our derelict industries! Sorry, Chrysler is already 55% owned by Fiat, who can appreciate its cars and innovations instead of stealing ideas and taking credit like Mercedes did. Nor will Fiat have to have Chrysler to save its a** like Mercedes did. Chrysler was anything but derelict. They had more cash on hand than Ford Or GM in the later part of '07 & early '08. If Mr. Hope & Change hadn't screwed things up further, most of this wouldn't have happened. But he's had his hand in the pot for years and is working to destroy America so he can turn it into a socialist nation, yet another failure in a long line of failed socialist countries. Gary Edited October 9, 2009 by BigGary
Harry P. Posted October 9, 2009 Author Posted October 9, 2009 The US is still the largest economy in the world by a good measure. I believe China is the third largest. How long do you figure we have left on the top of the list? Every day it gets harder and harder to compete with the Chinese, who have a vastly larger labor pool, willing to work for a fraction of what an American worker will work for, no EPA/OSHA restrictions, and no unions to deal with. The "level playing field" couldn't be more tilted! Time for some tariffs and a little protectionism???
Foxer Posted October 9, 2009 Posted October 9, 2009 I think I would hate to have to maneuver a Hummer around the back roads of China and through the old cities!
Harry P. Posted October 9, 2009 Author Posted October 9, 2009 I think I would hate to have to maneuver a Hummer around the back roads of China and through the old cities! Not a problem. The people in China who will be building them could never afford to buy them! Pretty sure only the elite class will be able to buy them...
Peter Lombardo Posted October 9, 2009 Posted October 9, 2009 This is a very interesting sent of circumstances here. On the surface most of us agree that Hummer sales are all but done here in America. So “good riddance, goodbye, but, the vehicles will be made here in America by that once highly thought of “Highly skilled American Worker†and only the profits will be shipped over to China….what a concept.. So there may not be much in the way of cost savings to the Chinese owners unless….and here is the big “unless†the workers are non unionized and willing to work for less. Well, faced with the prospect no work, or work for less pay, you don’t have to be Fellini (Reference to Federico Fellini, Italian film Director who is known for making very bizarre, surrealistic almost incomprehensible movies in the 1960’s) to figure out what the workers will agree to…..so my question is, why didn’t the workers, and their union, who is supposed to represent them for their benefit, look to secure the parent company (GM) as it was sinking deeper and deeper into the red? This is just another example of the wholesale dismantling of the American Industrial Machine. GM is now controlled by the union, with help from the Obama administration, which is akin to the inmates controlling the prison with the help of the organized criminal mob. Chrysler, if you believe the well informed automobile press, has one foot on the platform and the other on the train and the train is very quickly leaving the station. Chrysler has NO new product, is at least one to one and a half years away from any Fiat product and we still don’t know if America will welcome them after their last losing adventure here in North America. Ford, even though they are having an easier time of it, is still not setting the world on fire. The Taurus, by all accounts is a great car and the SHO is getting rave reviews, but it is a rather big (by current standards) vehicle with a hefty price tag. It will not be the high volume car that the traditional Taurus was, so it will not contribute greatly to the bottomline of Ford. The Cash for Clunkers program helped the domestic dealers somewhat, but it was a huge help to the Japanese manufacturers. They really benefited as they had stockpiles of product on the shore where most domestic dealers had cut their inventories to the bone, especially thin in the small car segments because they do not sell that many of them. September, in the wake of the “clunker†clucker deal, and now into October, sales at domestic dealerships are way off. There is no reason to buy a car unless there is a great deal on one…at least, that is the message that Detroit, and now Washington are giving the American buyer. Health Care reform is about to be rammed down our throat, like it or not. Unemployment is reaching double digits and shows no sign of slowing. The media is doing their best to tell us everything is OK, and Obama is making everything better, even though the facts point to a very opposite situation unfolding. Have you been following the problems coming down the pike with the American dollar? As of right now, if a country wants to purchase even a gallon of crude oil, they must do it with the American dollar….good for America, good for us. Recently, the German’s, Chinese, Russians, French, Saudi’s and a few other powerful countries are talking about dumping the dollar as the control currency for crude oil purchases because there is no faith in our economy recovering anytime soon. Bad for America and even worse for us. Our dollars have been losing value daily, and with the current administrations love of spending money that they do not have (in all fairness, Mr. Bush is guilty of the same insanity too) we are falling deeper and deeper into the very real prospect of hype inflation. Trust me, you do not want inflation….it is a wealth and prosperity killer. Jimmy, the Goober Peanut Farmer, Carter created huge inflation problems back in the 1970’s. My first house (brought in 1976) came complete with a 17% interest mortgage. Unemployment was in double digits and home values were in the toilet. Mr. Noble Peace Prize Winner is taking us right back to, and then beyond, 1976. I find it just so hypocritical of the media…(remember, I am no fan of George Bush) during the Bush administration days, the economy was actually humming along pretty well (I have said this before, so I will spare you,) but the media kept telling us how terrible things were. Now that things are actually terrible, and getting worse, they run stories trying to convince us that all is rosy and we are headed out of trouble, well I for one do not believe it for a minute. We have an absolute amateur in the White House, and we can not afford to have him learn with on the job training….not in this dangerous world. Iran gets a Nuke, Israel takes action, the Middle East blows up and it will not matter what car you drive, let along a Hummer because the price of a barrel of crude will skyrocket to $400.00+ per barrel. We are all falling prey to the oldest scam going. There is an old line that goes like this….How do you boil a Frog? (obviously, non of us would want to boil a Frog, unless we were a crazy sadistic nutcase) but bear with me here. If you drop a live frog into a boiling pot of water he would immediately jump out, but if you put him into a nice tepid pot of water he would be very happy. You then very slowly turn up the heat. The Frog thinks he is in a hot tub, he begins to look for some wine and a cute female, sorry, that is another story, anyway, before the Frog realizes what is happening to him, the water is too hot, he is paralyzed and can't get out and then falls victim to his own laziness and unawareness. Please don’t be the Frog….pay attention….we are losing our once great nation, bit by bit, industry by industry and freedom by freedom. Remember, redistribution of wealth (Obama has publicly said he wants this) means that someone loses something…..most of us will be losers here. Look what is happening in Detroit, they are giving away millions of our tax dollars to anyone who comes down to the hall, and fills out the form. Not everyone will qualify for handouts, but when participants were asked why they were there, they said to “Get some of the money Obama was giving out†and when asked where that money was coming from they said “From his stash…his Obama stash†Don’t believe me, see for yourself http://buzz.yahoo.com/article/1:y_news:ad5...of-free-cash-AP Guys, Hummer going to a Chinese company is a grain of sand on the beach full of quicksand.
Modelmartin Posted October 9, 2009 Posted October 9, 2009 How long do you figure we have left on the top of the list? Every day it gets harder and harder to compete with the Chinese, who have a vastly larger labor pool, willing to work for a fraction of what an American worker will work for, no EPA/OSHA restrictions, and no unions to deal with. The "level playing field" couldn't be more tilted! Time for some tariffs and a little protectionism??? I think we will still be on top for some time. The Chinese have a number of huge problems to deal that the US dealt with a long time ago during the development of the industrial revolution. The learning curve is steep and they are just climbing it now. Remember that they are well over a billion people and we are 300 million and we produce more GNP than them. I believe we produce 14 trillion and they produce 4 trillion buckaroos! Their inefficiencies and corruption really hinder them. I was wrong about number two economy. It was Japan and Germany is 4th. Tariffs and protectionism never work in the long run. They protect inefficient industries and things cost more and actually drag the economy down.
Harry P. Posted October 9, 2009 Author Posted October 9, 2009 This is a very interesting sent of circumstances here. On the surface most of us agree that Hummer sales are all but done here in America. So “good riddance, goodbye, but, the vehicles will be made here in America by that once highly thought of “Highly skilled American Worker†and only the profits will be shipped over to China…. Interesting that production will remain here. You'd think they'd shift production to China, build them dirt cheap, and sell them back to us at a higher per unit profit.
Modelmartin Posted October 9, 2009 Posted October 9, 2009 Interesting that production will remain here. You'd think they'd shift production to China, build them dirt cheap, and sell them back to us at a higher per unit profit. They could build them in Korea and call them "Hum Chee"!
BIGTRUCK Posted October 9, 2009 Posted October 9, 2009 not really sad at all, let them have those things! they've run thier course in the U.S., we are done with them and good for the Chinese if they really want them, Maybe GM can get them to agree to buy Saturn too. Dave I thought I read someplace weeks ago that Penske bought or was thinking about purchasing Saturn
Harry P. Posted October 9, 2009 Author Posted October 9, 2009 I thought I read someplace weeks ago that Penske bought or was thinking about purchasing Saturn The Penske/Saturn deal fell through. Penske backed out.
Peter Lombardo Posted October 9, 2009 Posted October 9, 2009 The Penske/Saturn deal fell through. Penske backed out. Harry, you are correct, the deal for Saturn did fall through, but it wasn’t Penske that backed out. The problem was that he could not find any manufacturers willing to let him retail their product here in America. When the deal was first announced, I and a few of my Saturn dealer clients were very happy. We all agreed that Penske was a very successful businessman and he would work wonders with the Saturn brand, but the underlying fear with some was that Roger is known as a tough, tough no nonsense businessman who always must control the situation, not unlike Wal-Mart, in his ruthless efforts to secure the best deal for himself. The fear was that his brand of hardball would keep most manufacturers away. Bringing your brand to the US shores is a big enough challenge, doing it with Penske may have been more than some could tolerate. We may never know the backroom truth as to what killed the Penske / Saturn marriage but I think the Pre-nuptial agreement may have been too much to stomach.
Peter Lombardo Posted October 9, 2009 Posted October 9, 2009 They could build them in Korea and call them "Hum Chee"! Andy, very funny! That is a good one!
Aaronw Posted October 10, 2009 Posted October 10, 2009 How long do you figure we have left on the top of the list? Every day it gets harder and harder to compete with the Chinese, who have a vastly larger labor pool, willing to work for a fraction of what an American worker will work for, no EPA/OSHA restrictions, and no unions to deal with. The "level playing field" couldn't be more tilted! Time for some tariffs and a little protectionism??? I don't think the US will become the #2 economy for some time, our economy is just shy of #2 through #5 combined. Economic ranking according to the World bank, the so called G20 #1 USA $14.2 trillion #2 Japan $4.9 trillion #3 China $3.9 trillion #4 Germany $3.7 trillion #5 France $2.9 trillion #6 UK $2.6 trillion #7 Italy $2.3 trillion #8 Brazil $1.6 trillion #9 Russia $1.6 trillion #10 Spain $1.6 trillion #11 Canada $1.4 trillion #12 India $1.2 trillion #13 Mexico $1.1 trillion #14 Australia $1 trillion #15 South Korea $929 billion #16 Netherlands $860 billion #17 Turkey $794 billion #18 $527 billion #19 Indonesia $514 billion #20 Belgium $498 billion 6 US states individually would rank as G20 nations. California with a GDP of 1.8 trillion would rank in the top 10, Texas & New York with a GDP of 1.2 and 1.1 trillion would rank in the top 13, Florida, Illinois and Pensylvania with GDP of 744, 634 and 553 billion in the top 17. It's not quite time to start speaking Japanese or Chinese.
Harry P. Posted October 10, 2009 Author Posted October 10, 2009 I don't think the US will become the #2 economy for some time, our economy is just shy of #2 through #5 combined. Economic ranking according to the World bank, the so called G20 #1 USA $14.2 trillion #2 Japan $4.9 trillion #3 China $3.9 trillion #4 Germany $3.7 trillion #5 France $2.9 trillion #6 UK $2.6 trillion #7 Italy $2.3 trillion #8 Brazil $1.6 trillion #9 Russia $1.6 trillion #10 Spain $1.6 trillion #11 Canada $1.4 trillion #12 India $1.2 trillion #13 Mexico $1.1 trillion #14 Australia $1 trillion #15 South Korea $929 billion #16 Netherlands $860 billion #17 Turkey $794 billion #18 $527 billion #19 Indonesia $514 billion #20 Belgium $498 billion 6 US states individually would rank as G20 nations. California with a GDP of 1.8 trillion would rank in the top 10, Texas & New York with a GDP of 1.2 and 1.1 trillion would rank in the top 13, Florida, Illinois and Pensylvania with GDP of 744, 634 and 553 billion in the top 17. It's not quite time to start speaking Japanese or Chinese. Is #18 the Unknown Nation? Seriously, though, I'm surprised to see Turkey on the list. Turkey???!!! And where's Saudi Arabia?
Modelmartin Posted October 10, 2009 Posted October 10, 2009 And where's Saudi Arabia? Between Sweden and Norway! ! I kid you NOT! Imagine that! All of those SAABs and Volvos and ABBA albums best all of the oil coming out of the House of Saud!! What does Norway make? I dunno. It's only slightly less than Saudi oil. Perspective, if you will. Thank you. USA! USA! USA! And I am a liberal!
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