Hummer, the off-road vehicle that once epitomized America’s love for hulking trucks, is now in the hands of a Communist Chinese heavy equipment maker.
General Motors Co. and Sichuan Tengzhong Heavy Industrial Machinery Corp. finally signed the much-anticipated deal to sell the brand today.
Tengzhong will get an 80 percent stake in the company, while Hong Kong investor Suolang Duoji, who indirectly owns a large 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.
Hummer’s Shreveport LA plant is set to produce the vehicles through 2011, so the likelihood is closure by the commies in 2012, according to reports. There is no truth to rumors that the brand name will be changed to “Hummel”, as that is already trademarked by a figurine outfit.
Published by Fred Donaldson
First full-time job at 17 was dollar-an-hour newspaper copyboy at the Evening and Sunday Bulletin (760,000 daily). Promotions led to general assignments and rewrite at that Pulitzer Prize winning newspaper (1964 and 1965). After the Bulletin, served as the editor of Valley Forge Sentinel and Conshohocken Recorder, Sr. VP of their newspaper group in 1972, and became publisher in 1975 of the West Oak Lane Leader - an African-American community newspaper - for the next 18 years.
In 1993 named president of ING's 18-newspapers in Metro Philadelphia and New Jersey. Company was later purchased by JRC (NYSE), and I was appointed publisher of the Montgomery/Bucks/Philly newspaper division by the infamous Journal Register CEO Bob Jelenic.
During the 60s and 70s, I corresponded for the United States Information Agency, reporting and writing for publication in foreign countries.
This website never runs ads, asks for donations, or reveals any information about its readers and contributors.
View all posts by Fred Donaldson