Thread: Do auto workers really earn $73 an hour?

Here you go Buster-

The Chinese are buying Hummer.

http://news.yahoo.com/s/ap/20090602/.../us_automakers

GM to sell Hummer to Chinese company

By TOM KRISHER and BREE FOWLER, AP Auto Writers Tom Krisher And Bree Fowler, Ap Auto Writers 1 hr 8 mins ago
DETROIT – General Motors Corp. took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands.
China's Sichuan Tengzhong Heavy Industrial Machinery Co. said Tuesday afternoon that it reached an agreement to acquire the brand from GM for an undisclosed ammount. The Detroit automaker had announced Tuesday morning that it had a memorandum of understanding to sell the brand of rugged SUVs, but it didn't identify the buyer.
Sichuan Tengzhong deals in road construction, plastics, resins and other industrial products, but Hummer would be its first step into the automotive business.
GM said the sale will likely save more than 3,000 U.S. jobs in manufacturing, engineering and at various Hummer dealerships. Tengzhong said it will assume GM's existing agreements with Hummer dealers.
"We will be investing in the Hummer brand and its research and development capabilities, which will allow Hummer to better meet demand for new products such as more fuel-efficient vehicles in the U.S," Chief Executive Yang Yi said in a statement.
As part of the proposed transaction, Hummer will continue to contract vehicle manufacturing and business services from GM during a transitional period. For example, GM's Shreveport, La., assembly plant would continue to contract to assemble the H3 and H3T through at least 2010, GM said. AM General LLC in Mishawaka, Ind., makes the larger H2 under contract for GM.
Hummer will keep its existing management team and remain based in the United States, the companies said. Tengzhong said it expects to expand the brand's dealer network worldwide, including to China.
"GM is close to a sale of its Hummer brand, which is good news for the 3,000 Americans who will be able to keep their jobs, the two American plants that will remain open and the more than 100 Hummer dealers that should be able to stay in business all around the country," White House spokesman Bill Burton said earlier in the day.

So....you know, there was a German Company that was interested in bidding- (here comes the jokes...)

Bavarian Auto Holdings was interested in doing a joint venture with Volkswagon to buy Hummer.

The car was going to be called....(get ready for it...)


the BAH-HUM-BUG.


But now a Chinese Company - Sichuan Tengzhong Heavy Industrial Machinery - has signed a deal to buy it.

No word yet on the new name, but one source said they were considering naming the new entity after the former Chairman of the Communist Party in Vietnam- Ho Chi Mihn.

So the resulting company would be called....


HO-HUM.


(aaaahhhhhrrrgggg)

Originally Posted by Bullishreturn

I disagree. So easy to blame Unions- when that simply fits your preconceived notions about how things are.

I agree. Let's not forget that management agreed to all Union grievances that became policy.

What's Wall Street know what it's like to be part in a Union? I bet they wish they had a Union after all the fraud hit the fan.

6/9/2009
China Car Sales Jump on Gov't Stimulus
- Bloomberg

Originally Posted by McDuck

6/9/2009
China Car Sales Jump on Gov't Stimulus
- Bloomberg

And you wonder why Chinese car sales are going up?

Let me give you a hint-

Take a look at the company website ad for the model being sold on the #1 car company in China- SACI Motors-




Heck, you don't even need to see the car itself. Just the ad sells it.




And then look at GM's offering:

Any questions?

We're in big, big trouble.

I do not see what you mean. After all, the American model comes with a swimming pool included!

http://www.tsptalk.com/mb/album.php?albumid=16
A few neat looking potential car model pictures.

For more, look at the following:
http://delicious.com/wwwtractor/electricar

Originally Posted by James48843

And then look at GM's offering:

Any questions?

We're in big, big trouble.

That there's a portable swimmin hole! Does the confederate flag come standard, or is it an option?

I'm not sure what is more the technical marvel: the mobile "swimmin' hole" or that the property has what appears to be running water.

That there is what is called a live well. Load them shiners up boys.

Just wait til the GM ad for the CA model comes out with Pelosi sittin' up in there wearing one of them thong bikinis. Y'all ever seen a hound dog puke?

If unions are so bad, why is Ford not involved in this fiasco? Hint, maybe they weren't trying to sell super HEMIs? I think GM and Chrysler's marketing gurus got a flunk on their product line - how can you have a broad line and still not have a nice smaller car? And the design and marketing departments *aren't* the union line guys.

Product line mistakes are not union mistakes.

Originally Posted by Silverbird

If unions are so bad, why is Ford not involved in this fiasco? Hint, maybe they weren't trying to sell super HEMIs? I think GM and Chrysler's marketing gurus got a flunk on their product line - how can you have a broad line and still not have a nice smaller car? And the design and marketing departments *aren't* the union line guys.

Product line mistakes are not union mistakes.

Agreed. I've ranted previously about a Chevy Cavalier that I was most unfortunate to own for a time. GM just made poor quality cars. Chrysler did the same, though I liked many of their body designs better than Ford or GM.

I'll never go back to a modern GM car, unless they give me one as my G-ride! I still want to get my hands on a 1978 Trans Am Special Edition, though!