The Chinese & Defense Contractors to buy Hummer?
Hunan Changfeng Motor Company has been in talks since March to possibly buy out the very American Hummer. Interest waned – until the Red China auto maker teamed up with AM General LLC about a joint acquisition of the brand. General manager of Changfeng Motor Zhengchu Chen said, “We never quit talks on acquiring the brand, but now instead of doing it alone, we decide to form partnership with AM General to reduce risk as the global economy falters. We have to always adjust our plan to market conditions.”
The joint venture would keep Hummer production in the states – and perhaps bring the new domesticated H series back to former military glory.
AM General is an American heavy vehicle manufacturer based in Indiana, best known for building the original HUMVEE- High Mobility Multipurpose Wheeled Vehicles the Army in 1983, with civilian models (Hummers) starting in 1992. General Motors acquired exclusive ownership of the Hummer brand name in 1999.
How will American truck fans feel if such a symbol of western indulgence is to be produced by an eastern company?
Jan 11th, 2009 at 11:46 am
[...] the vehicle has been downgraded, in a sense, to be more civilized and family friendly. With the future of Hummer now up in the air some speculate the mighty H may go back to its military [...]
May 22nd, 2009 at 1:24 pm
[...] loans to purchase Hummer from GM, saving it from Chinese ownership. As we reported in the past, Chinese Military Defense Contractors were interested in purchasing Hummer, ever since General Motors spilled the beans about cutting off [...]
Jun 2nd, 2009 at 8:11 am
[...] parties who wanted to take General Motor’s brand into the next decade. Everyone from Chinese Defense Contractors to electric car manufacturer Raser Tech wanted in. No TweetBacks yet. (Be the first to Tweet this [...]
Oct 9th, 2009 at 10:14 am
[...] heard it referred to as Red Dawn 2) is filming right now – and blowing up lots of Chinese Hummers. The Michael Bay film is filming in Detroit – where seeing tanks and shit blown up is part of [...]