Re: [AMC-list] Chinese Hummers

[Joe Fulton <piper_pa20@xxxxxxxxxxx>]

A copywrighted newsletter to which I subscribe indicated that the Chinese construction company bought the Hummer franchise from GM for $500 million cash (though that price has not been confirmed).  That company financed it themselves.  They did not borrow a cent from the Chinese government or anyone else.  They plan to export the majority of the cars to China.  If Americans quit buying them, it would be a good thing, although it will be a foreign owned company, they will be producing a product for export.  Not a good thing for the existing Hummer dealers, but good for our balance of payments.

Joe Fulton

--- On Wed, 6/3/09, Sandwich Maker <adh@xxxxxxxxxxxxxxxxx> wrote:

> " From: Frank Swygert <farna@xxxxxxx>
> " 
> " 
> " Too bad Beijing Jeep didn't buy Hummer. They could
> probably sell their
> " "Jeep 2500" (a slightly stretched XJ) over here, but I
> read up a bit
> " on that nightmare operation. They were originally set up
> as a
> " government operation, and the Chinese government was the
> major buyer.
> " There was no marketing or sales operation, at least not
> for a long
> " time. The prices were high due to not being allowed to
> lay off workers
> " or streamline operations, like most communist plants.
> They couldn't
> " build them cheap enough to sell over here, not unless
> they could
> " guarantee high volumes. Even then it would be "iffy". I
> think they are
> " still in business, but the Chinese government was going
> to cut them
> " off subsidies a couple years ago, so they probably aren't
> doing so
> " well. 
> 
> yikes.  brings new meaning to the phrase 'chinese fire
> drill'...
> 
> they made a '4000' model as well, and judging by the ranks
> of cherokee
> fans they'd sell steadily here.  not sure they could
> make it meet
> current standards.
> ________________________________________________________________________
> Andrew Hay             
>                
>     the genius nature
> internet rambler           
>                 is
> to see what all have seen
> adh@xxxxxxxxxxxxxxxxx 
>                
>      and think what none thought
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