| Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n |
 | 
02-24-2010, 05:03 PM
|
#1 | | WOAH! i think Vtec just kicked in!
Join Date: Sep 2008 Location: Van
Posts: 1,664
Thanked 413 Times in 101 Posts
| News: Chinese company failed to acquire HUMMER
GM has just announced that China's Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) was unable to complete the purchase of the Hummer brand. Quote:
PRESS RELEASE:
HUMMER Sale to Tengzhong Cannot be Completed
Wind down of HUMMER business to begin
2010-02-24
DETROIT - General Motors today announced that Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) was unable to complete the acquisition of HUMMER. As a result, GM will begin the orderly wind-down of the HUMMER operations.
"One year ago, General Motors announced that we were going to divest HUMMER, as part of focusing our efforts on Chevrolet, Buick, GMC and Cadillac going forward. We have since considered a number of possibilities for HUMMER along the way, and we are disappointed that the deal with Tengzhong could not be completed," said John Smith GM vice president of corporate planning and alliances. "GM will now work closely with HUMMER employees, dealers and suppliers to wind down the business in an orderly and responsible manner."
GM will continue to honor HUMMER warranties, while providing service support and spare parts to current HUMMER owners around the world.
| Source: http://www.thetorquereport.com/2010/...hong.html#more
Last edited by cococly; 02-24-2010 at 05:08 PM.
Reason: Source editing
| 
|  | |
02-24-2010, 05:06 PM
|
#2 | | Banned (ABWS)
Join Date: Dec 2009 Location: Surrey
Posts: 1,304
Thanked 343 Times in 132 Posts
|
post link to original article please
| |
| | |
02-24-2010, 09:46 PM
|
#3 | | Hypa owned my ass at least once
Join Date: Jul 2004 Location: Vancouver
Posts: 6,592
Thanked 1,491 Times in 341 Posts
|
its ok, if they cant buy it they will just copy it
| |
| | |
02-25-2010, 12:31 AM
|
#4 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,013
Thanked 7,383 Times in 3,465 Posts
|
Hummer is no more. GM is abandoning the brand. The only Hummer worth getting was the H1. http://www.time.com/time/world/artic...967957,00.html
__________________
Until the lions have their own historians, the history of the hunt will always glorify the hunter. | 
| | |
02-25-2010, 01:43 AM
|
#5 | | "They call me Bowser...RawR!"
Join Date: Jul 2001 Location: Vancouver
Posts: 8,204
Thanked 897 Times in 360 Posts
|
Just as well, I don't see a brand like Hummer selling well in today's markets. Just let it die
__________________
"Damn fine car Dodge... Ran over me wife with a Dodge!", Zeke
| |
| | |
02-25-2010, 02:36 AM
|
#6 | | I contribute to threads in the offtopic forum
Join Date: Dec 2003 Location: Vancouver
Posts: 2,629
Thanked 273 Times in 90 Posts
|
^ QFT.
| |
| | |
02-25-2010, 09:11 AM
|
#7 | | Head Moderator
Join Date: Dec 1982 Location: Great White Nor
Posts: 22,661
Thanked 6,462 Times in 2,081 Posts
|
While I don't like the H2 and H3, it'll be a shame to see the brand die. Hopefully we'll see a reincarnation of the H1 some point down the road. Posted via RS Mobile | |
| | |
02-25-2010, 09:30 AM
|
#8 | | Media Officer / MOD
Join Date: Apr 2001 Location: vancouver
Posts: 28,073
Thanked 5,751 Times in 1,724 Posts
| Quote:
Originally Posted by Lomac  While I don't like the H2 and H3, it'll be a shame to see the brand die. Hopefully we'll see a reincarnation of the H1 some point down the road. Posted via RS Mobile | true, the H1 was one of the best off-roaders of all time and the fact that military used it creates this sense this is a tank
| |
| | |
02-25-2010, 09:32 AM
|
#9 | | Banned (BBM)
Join Date: Jul 2004 Location: Vancouver
Posts: 16,142
Thanked 627 Times in 368 Posts
|
h3 is just a pure self humiliating vehicle
| |
| | |
02-25-2010, 11:39 AM
|
#10 | | I *Fwap* *Fwap* *Fwap* to RS
Join Date: Aug 2007 Location: Internet
Posts: 1,564
Thanked 572 Times in 130 Posts
|  fail
| |
| | |
02-25-2010, 11:51 AM
|
#11 | | I answer every Emotion with an emoticon
Join Date: Apr 2005 Location: Vancouver
Posts: 7,760
Thanked 375 Times in 181 Posts
|
more like Hummer fail
__________________
Ignorance is bliss
How I wish I can remain ignorant, why do I know so much?
| |
| | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 10:13 PM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
