offically offical Hummer is sold

http://www.trucktrend.com/features/news/163_news091009_sold_tengzhong_acquires_hummer_for_150_million/index.html

In the works for a while, but now done as of Friday the 9th. Good luck to them trying to sell that loser of a brand. Maybe they can do it in the other parts of the world but we'll see.

So, instead of American douchebags driving Hummers, there will be Chinese douchebags driving them instead?

I thought that was official months ago

maybe not (as of 4:29pm today) http://www.autoblog.com/2009/10/12/recork-the-champagne-china-says-hummer-paperwork-not-submitted/

Who cares?

Shawn

150 million? anybody else think that sounds cheap? i dunno.

That Hummer HX concept on the Autoblog site is the best looking Hummer. Maybe if they had released that instead of all those bloated behemoths they wouldn't now be owned by the Chinese.

belteshazzar wrote: 150 million? anybody else think that sounds cheap? i dunno.

Yes. I would not be surprized they spent a couple of billion to launch it.

Type Q wrote:

belteshazzar wrote: 150 million? anybody else think that sounds cheap? i dunno.

Yes. I would not be surprized they spent a couple of billion to launch it.

valuable assets don't go cheap.....

The St. Louis Rams football team will sell for about $750 million. Five times what Hummer sold for. Sure, the football team may be way overpriced, but Hummer shouldn't be worth 20% of a football team. The NFL has proven that team names aren't the valuable asset.

I think GM royally screwed the pooch when they made Hummer a stand-alone brand. They should have sold the Hummer vehicles under an existing brand, the way they sold Opels in the '70's. And looking back, maybe they screwed that up by not making Opel a stand-alone brand, to compete with the imports (which they would have screwed up, anyway).

I think we can blame hummer for GM's woes...

GM made money on on the Hummer brand until the gas price spike 16 months ago. Sales took a huge nosedive after that. I know locally the H2 was fairly popular and quite a few H3 were around in hurry.

You know, because Des Moines is just so remote and undeveloped that a Hummer makes sense.....

exactly,, minimal engineering to rebody existing SUVs to try and make a profit...