Home › Forums › Financial Markets/Economics › Time for Jeff Bridges to dump Hyundai
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June 26, 2009 at 10:03 PM #421650June 26, 2009 at 10:19 PM #420925CoronitaParticipant
Life for some Hummer employees are soon to get a lot more difficult without a China firm’s involvement….Oh well…
http://www.autoblog.com/2009/06/26/report-china-to-block-hummer-sale-to-tengzhong/
REPORT: China to block HUMMER sale to Tengzhong
General Motors’ pending deal to offload its unwanted HUMMER brand may have hit a major snag. Although no official word has come from the Ministry of Commerce or the National Development and Reform Commission, state-run radio organizations are reporting that the Chinese government will indeed block the sale of HUMMER from GM to Sichuan Tengzhong Heavy Industrial Machinery Co. It’s impossible to know exactly how this whole mess will play out, but these reports clearly jive with the general sentiments we’ve been hearing since the deal was first announced.According to Chinese radio reports (via the BBC), there are two main objections to the HUMMER deal. First, the brand’s environmental credentials don’t match up with the direction the Chinese government wants its automakers to head. Second, there are questions as to whether Tengzhong has the expertise to properly manage a large automaker as it’s business dealings so far have all been in the construction equipment segment.
June 26, 2009 at 10:19 PM #421155CoronitaParticipantLife for some Hummer employees are soon to get a lot more difficult without a China firm’s involvement….Oh well…
http://www.autoblog.com/2009/06/26/report-china-to-block-hummer-sale-to-tengzhong/
REPORT: China to block HUMMER sale to Tengzhong
General Motors’ pending deal to offload its unwanted HUMMER brand may have hit a major snag. Although no official word has come from the Ministry of Commerce or the National Development and Reform Commission, state-run radio organizations are reporting that the Chinese government will indeed block the sale of HUMMER from GM to Sichuan Tengzhong Heavy Industrial Machinery Co. It’s impossible to know exactly how this whole mess will play out, but these reports clearly jive with the general sentiments we’ve been hearing since the deal was first announced.According to Chinese radio reports (via the BBC), there are two main objections to the HUMMER deal. First, the brand’s environmental credentials don’t match up with the direction the Chinese government wants its automakers to head. Second, there are questions as to whether Tengzhong has the expertise to properly manage a large automaker as it’s business dealings so far have all been in the construction equipment segment.
June 26, 2009 at 10:19 PM #421426CoronitaParticipantLife for some Hummer employees are soon to get a lot more difficult without a China firm’s involvement….Oh well…
http://www.autoblog.com/2009/06/26/report-china-to-block-hummer-sale-to-tengzhong/
REPORT: China to block HUMMER sale to Tengzhong
General Motors’ pending deal to offload its unwanted HUMMER brand may have hit a major snag. Although no official word has come from the Ministry of Commerce or the National Development and Reform Commission, state-run radio organizations are reporting that the Chinese government will indeed block the sale of HUMMER from GM to Sichuan Tengzhong Heavy Industrial Machinery Co. It’s impossible to know exactly how this whole mess will play out, but these reports clearly jive with the general sentiments we’ve been hearing since the deal was first announced.According to Chinese radio reports (via the BBC), there are two main objections to the HUMMER deal. First, the brand’s environmental credentials don’t match up with the direction the Chinese government wants its automakers to head. Second, there are questions as to whether Tengzhong has the expertise to properly manage a large automaker as it’s business dealings so far have all been in the construction equipment segment.
June 26, 2009 at 10:19 PM #421493CoronitaParticipantLife for some Hummer employees are soon to get a lot more difficult without a China firm’s involvement….Oh well…
http://www.autoblog.com/2009/06/26/report-china-to-block-hummer-sale-to-tengzhong/
REPORT: China to block HUMMER sale to Tengzhong
General Motors’ pending deal to offload its unwanted HUMMER brand may have hit a major snag. Although no official word has come from the Ministry of Commerce or the National Development and Reform Commission, state-run radio organizations are reporting that the Chinese government will indeed block the sale of HUMMER from GM to Sichuan Tengzhong Heavy Industrial Machinery Co. It’s impossible to know exactly how this whole mess will play out, but these reports clearly jive with the general sentiments we’ve been hearing since the deal was first announced.According to Chinese radio reports (via the BBC), there are two main objections to the HUMMER deal. First, the brand’s environmental credentials don’t match up with the direction the Chinese government wants its automakers to head. Second, there are questions as to whether Tengzhong has the expertise to properly manage a large automaker as it’s business dealings so far have all been in the construction equipment segment.
June 26, 2009 at 10:19 PM #421655CoronitaParticipantLife for some Hummer employees are soon to get a lot more difficult without a China firm’s involvement….Oh well…
http://www.autoblog.com/2009/06/26/report-china-to-block-hummer-sale-to-tengzhong/
REPORT: China to block HUMMER sale to Tengzhong
General Motors’ pending deal to offload its unwanted HUMMER brand may have hit a major snag. Although no official word has come from the Ministry of Commerce or the National Development and Reform Commission, state-run radio organizations are reporting that the Chinese government will indeed block the sale of HUMMER from GM to Sichuan Tengzhong Heavy Industrial Machinery Co. It’s impossible to know exactly how this whole mess will play out, but these reports clearly jive with the general sentiments we’ve been hearing since the deal was first announced.According to Chinese radio reports (via the BBC), there are two main objections to the HUMMER deal. First, the brand’s environmental credentials don’t match up with the direction the Chinese government wants its automakers to head. Second, there are questions as to whether Tengzhong has the expertise to properly manage a large automaker as it’s business dealings so far have all been in the construction equipment segment.
June 27, 2009 at 9:07 AM #420975Rt.66ParticipantYou and a gazillion other self serving Americans voted with their purchasing power.
For decades you have sent a message to American industry and lawmakers. You said “I don’t care about American companies or American jobs” I would rather go with the hope that “I” will gain a tiny personal advantage by buying a Hyundai, Honda, Toyota…..
The result? Decades of stagnant wages. What did you think would happen if we shipped hundreds of thousands of good paying jobs with benefits over-seas, with nothing (equal) on the horizon to replace them?
We need to replace those jobs of actual productivity with something right (even if it produces next to nothing really)? Enter the FIRE economy; problem is….that’s not sustainable and actually will have a lasting negative effect relative to the temporary jobs it provided.
The Gov. needs revenues and the economy needs “industries” right? Enter another bogus “industry”; the Cap and Tax horseshit, wonderful. Let’s chop GM down, ship real jobs making real stuff to China and replace them with some more hocus-pocus ala-FIRE BS.
You import buyers deserve what we all are getting.
Italy gains Chrysler and Opel, China gets GM jobs and Japanese automakers gain an even greater American market share. Self serving, narrow minded Americans get their Accords, supporters of American industry and GOOD jobs get the shaft.
Admit it, the truth will set you free….. Just say it……
“I wanted a Honda because I thought “I” would gain an advantage by owning it over supporting an American company”
I guess to you people the better countries won huh?
June 27, 2009 at 9:07 AM #421205Rt.66ParticipantYou and a gazillion other self serving Americans voted with their purchasing power.
For decades you have sent a message to American industry and lawmakers. You said “I don’t care about American companies or American jobs” I would rather go with the hope that “I” will gain a tiny personal advantage by buying a Hyundai, Honda, Toyota…..
The result? Decades of stagnant wages. What did you think would happen if we shipped hundreds of thousands of good paying jobs with benefits over-seas, with nothing (equal) on the horizon to replace them?
We need to replace those jobs of actual productivity with something right (even if it produces next to nothing really)? Enter the FIRE economy; problem is….that’s not sustainable and actually will have a lasting negative effect relative to the temporary jobs it provided.
The Gov. needs revenues and the economy needs “industries” right? Enter another bogus “industry”; the Cap and Tax horseshit, wonderful. Let’s chop GM down, ship real jobs making real stuff to China and replace them with some more hocus-pocus ala-FIRE BS.
You import buyers deserve what we all are getting.
Italy gains Chrysler and Opel, China gets GM jobs and Japanese automakers gain an even greater American market share. Self serving, narrow minded Americans get their Accords, supporters of American industry and GOOD jobs get the shaft.
Admit it, the truth will set you free….. Just say it……
“I wanted a Honda because I thought “I” would gain an advantage by owning it over supporting an American company”
I guess to you people the better countries won huh?
June 27, 2009 at 9:07 AM #421476Rt.66ParticipantYou and a gazillion other self serving Americans voted with their purchasing power.
For decades you have sent a message to American industry and lawmakers. You said “I don’t care about American companies or American jobs” I would rather go with the hope that “I” will gain a tiny personal advantage by buying a Hyundai, Honda, Toyota…..
The result? Decades of stagnant wages. What did you think would happen if we shipped hundreds of thousands of good paying jobs with benefits over-seas, with nothing (equal) on the horizon to replace them?
We need to replace those jobs of actual productivity with something right (even if it produces next to nothing really)? Enter the FIRE economy; problem is….that’s not sustainable and actually will have a lasting negative effect relative to the temporary jobs it provided.
The Gov. needs revenues and the economy needs “industries” right? Enter another bogus “industry”; the Cap and Tax horseshit, wonderful. Let’s chop GM down, ship real jobs making real stuff to China and replace them with some more hocus-pocus ala-FIRE BS.
You import buyers deserve what we all are getting.
Italy gains Chrysler and Opel, China gets GM jobs and Japanese automakers gain an even greater American market share. Self serving, narrow minded Americans get their Accords, supporters of American industry and GOOD jobs get the shaft.
Admit it, the truth will set you free….. Just say it……
“I wanted a Honda because I thought “I” would gain an advantage by owning it over supporting an American company”
I guess to you people the better countries won huh?
June 27, 2009 at 9:07 AM #421543Rt.66ParticipantYou and a gazillion other self serving Americans voted with their purchasing power.
For decades you have sent a message to American industry and lawmakers. You said “I don’t care about American companies or American jobs” I would rather go with the hope that “I” will gain a tiny personal advantage by buying a Hyundai, Honda, Toyota…..
The result? Decades of stagnant wages. What did you think would happen if we shipped hundreds of thousands of good paying jobs with benefits over-seas, with nothing (equal) on the horizon to replace them?
We need to replace those jobs of actual productivity with something right (even if it produces next to nothing really)? Enter the FIRE economy; problem is….that’s not sustainable and actually will have a lasting negative effect relative to the temporary jobs it provided.
The Gov. needs revenues and the economy needs “industries” right? Enter another bogus “industry”; the Cap and Tax horseshit, wonderful. Let’s chop GM down, ship real jobs making real stuff to China and replace them with some more hocus-pocus ala-FIRE BS.
You import buyers deserve what we all are getting.
Italy gains Chrysler and Opel, China gets GM jobs and Japanese automakers gain an even greater American market share. Self serving, narrow minded Americans get their Accords, supporters of American industry and GOOD jobs get the shaft.
Admit it, the truth will set you free….. Just say it……
“I wanted a Honda because I thought “I” would gain an advantage by owning it over supporting an American company”
I guess to you people the better countries won huh?
June 27, 2009 at 9:07 AM #421705Rt.66ParticipantYou and a gazillion other self serving Americans voted with their purchasing power.
For decades you have sent a message to American industry and lawmakers. You said “I don’t care about American companies or American jobs” I would rather go with the hope that “I” will gain a tiny personal advantage by buying a Hyundai, Honda, Toyota…..
The result? Decades of stagnant wages. What did you think would happen if we shipped hundreds of thousands of good paying jobs with benefits over-seas, with nothing (equal) on the horizon to replace them?
We need to replace those jobs of actual productivity with something right (even if it produces next to nothing really)? Enter the FIRE economy; problem is….that’s not sustainable and actually will have a lasting negative effect relative to the temporary jobs it provided.
The Gov. needs revenues and the economy needs “industries” right? Enter another bogus “industry”; the Cap and Tax horseshit, wonderful. Let’s chop GM down, ship real jobs making real stuff to China and replace them with some more hocus-pocus ala-FIRE BS.
You import buyers deserve what we all are getting.
Italy gains Chrysler and Opel, China gets GM jobs and Japanese automakers gain an even greater American market share. Self serving, narrow minded Americans get their Accords, supporters of American industry and GOOD jobs get the shaft.
Admit it, the truth will set you free….. Just say it……
“I wanted a Honda because I thought “I” would gain an advantage by owning it over supporting an American company”
I guess to you people the better countries won huh?
June 27, 2009 at 9:45 AM #420985anParticipantRt.66, please tell me, what’s more American, Chevy made in Mexico or Honda made in America?
June 27, 2009 at 9:45 AM #421215anParticipantRt.66, please tell me, what’s more American, Chevy made in Mexico or Honda made in America?
June 27, 2009 at 9:45 AM #421486anParticipantRt.66, please tell me, what’s more American, Chevy made in Mexico or Honda made in America?
June 27, 2009 at 9:45 AM #421553anParticipantRt.66, please tell me, what’s more American, Chevy made in Mexico or Honda made in America?
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