what every guy fears the most!....HUMMERS are probably gonna get harder to come by.....

[NewtonMP2100]

...sold to Chinese so might have lead or melamine in it in the future....


Iconic Hummer brand sold to Chinese manufacturer

....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 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 called Sichuan Huatong Investment Holding Co., will get 20 percent. The investors will also get Hummer's nationwide dealer network.

Financial terms were not disclosed, although a person briefed on the deal said the sale price was around $150 million. The person did not want to be identified because the terms were being kept private. GM's bankruptcy filing last summer said that the iconic brand with military roots could bring in $500 million or more.

Suolang Duoji also is the controlling shareholder and chairman of Lumena Resources Corp., a Hong Kong listed mining company.

GM and Tengzhong said in a statement that the transaction still must be approved by the U.S. and Chinese governments, although and Chinese regulators initially expressed reservations about Tengzhong's ability to run such an enterprise.

Hummer's current management team will stay with the new company, which will be headquartered either in Detroit or suburban Auburn Hills, Mich.....


if I had a HUMMER...I'd HUMMER in the mo..or..ning...I'd HUMMER in the evening...all over this land.....

[JoeM]

Wow! I REALLY got nervous for a moment.

[the_poochies]

I thought one of these was taking place:

[Rolando]

I had a Chinese hummer once...

[Mac1337]

What are they buying? Are they going to crate the factories here and ship them over there? I f I were them I would keep building them here. Hummers have no worse mileage than most full size trucks.

[Mac-A-Matic]

Hummers are always hard to come by...


Unless you attended high school after 1999...


Seems that nowadays, it's no big deal and it's doled out on a relatively easy basis.

[Mr645]

Dakota wrote:
What are they buying? Are they going to crate the factories here and ship them over there? I f I were them I would keep building them here. Hummers have no worse mileage than most full size trucks.

That's because the H2 is just a Chevy Tahoe and the H3 is based on the Colorado pick up. The H1 is the only really military based Hummer

[Grateful11]

I've never seen the appeal of the H2 or H3 Hummer. We do a have an '02
Tahoe Z71 that gets driven a fair amount, around 10K a year. The Z71's
appearance blows the Hummer out of the water IMHO, I guess to each
his own.

[RAMd®d]

I like the H2.

Regardless what it's based on, it's not another "me, too" SUV. It's just not a practical vehicle for my money.

The gas mileage isn't great, no big deal. The H2 occupies a lot of parking space (though less than a HUMVEE/H1). And it only a five-place vehicle, with not much trunk space.

It reminds me of a Tonka truck, though not as indestructible.

[NewtonMP2100]

.....this news....really blows....!!!!!!