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Permalink Reply by sesport on June 2, 2009 at 7:09

from the latest AP release, which includes a statement from an unnamed source that a Chinese company is in the process of acquiring the Hummer brand.

"As part of the proposed transaction, GM said, 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."

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Permalink Reply by sesport on June 2, 2009 at 16:02

Is that an attempt to be humorous?

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Permalink Reply by sesport on June 4, 2009 at 8:34

Mr. Krow - Oh, we have freeways, but I'm usually too busy watching traffic to make discriminatory mental notes about the characteristics of the other drivers. Keeps my insurance rates down.

You know how geologists are skilled in reading the seismic records/data, and CPAs can spot a calculation error a mile away, and lawyers read for potential loopholes and problematic wording in the laws and contracts? I read with a discriminatory skill for biased text.

Now, if you would have said, "They plan to sell them to Yertle the Turtles ..." I probably wouldn't have asked for clarification.

So, what's your best, educated guess as to what MAY happen after the transitional period?

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Permalink Reply by sesport on June 2, 2009 at 16:04

It seems like interest in China's efforts to convert to NGVs has not gone unnoticed.

http://www.stockinterview.com/News/07242007/China-CNG-Natural-Gas-C...

from this article ...

"China offers the most immediate promise, which is probably what drove Boone Pickens to this marketplace. His California-based Clean Energy Fuels Corp (NASDAQ: CLNE) provides 200 fleet customers, which have about 13,000 NGVs, with the refueling capabilities for those vehicles with the company’s 168 natural gas fueling stations."

and this ...

"Boone Pickens envisions a big opportunity in China’s natural gas for transportation purposes. Generally, gas is used to fuel electrical power plants or for cooking. We first brought up the accelerating use of NGVs in our recent publication, “Investing in China’s Energy Crisis," because of China’s struggle to quickly and efficiently import sufficient oil to power its economy."

If you go to the link above, and try to link to the page for "Investing in China's Energy Crisis," you may find it doesn't work like I found out.

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Permalink Reply by Checkmateking on June 2, 2009 at 16:55

I bet they will love the unions, lol, not.

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Permalink Reply by sesport on June 2, 2009 at 17:04

Interesting ... is it a requirement by law that the plants be unionized? Or would it be possible for them to go non-union? Anyway, the unions gave up a lot recently, IMO, so who knows what else they will concede to keep jobs.

thanks for the thought & best :0)

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Permalink Reply by twomule on June 3, 2009 at 15:49

Thank god there is no law that "requires plants be unionized". I would have been out of work years ago.

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Permalink Reply by sesport on June 3, 2009 at 11:15

A little more info about the company taking over the Hummer line. (citing credit to Pipeliner here because I linked to a link on her/his link pasted on his/her current topic)

http://www.reuters.com/article/wtUSInvestingNews/idUSTRE55230Z20090603

from paragraph 11...

"It pledged to invest in new product development, including more fuel-efficient vehicles, and expand its dealer network globally."

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Permalink Reply by sesport on June 3, 2009 at 16:57

What in the world do you think possessed them (GM) to market them to the average joe citizen? Never mind, I know the an$wer$ to that.

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