• Search:



The Chief Officers' Network - your business advantage / Industries / Automotive / Automotive: death of an icon: Hummer goes down




Automotive: death of an icon: Hummer goes down

It was a car that generated lust or nausea: born as the road-going equivalent of a military vehicle, Hummer wanted to be the Jeep of the 21st Century. It was a car that, had the idea arisen today, would never have been born. And with its Tonka-toy styling, its ridiculous demand for real-estate in the middle of a busy road and a fuel consumption that only oil-rich show-offs could realistically afford, there is little doubt that it was doomed. Until Sichuan Tengzhong Heavy Industrial Machinery Company rode to the rescue - only to run into a quagmire of bureaucracy - and the Chinese government pointing out that building it would hardly improve the country's green credentials.



Most Recent - This Section

Automotive: On/off VW/Proton courtship off again
Automotive: death of an icon: Hummer goes down
Automotive: Leading, Original, Trend-setting, Unique, Special - that'll be LOTUS, then
Automotive: Toyota to kill heel-and-toe driving
Automotive: European Investment Bank agrees to support SAAB deal


Most Recent - Whole Site

Sanctions: US approves transfer of anti-surveillance software to Iran
F1: it's not just the Krauts who were sour at Hockenheim
Aviation: Pakistan's Airblue Airbus crashes in Pakistan's worst aircrash
BizLawCentral: US Treasury's guidance on lawyer's fees in blocked funds cases
The Risk Professional: USA reaches 100 failed banks so far in 2010


Most Recent - BizNewsSelect

The Society of Anti Money Laundering Professionals: launch of Accredited Training Course Provider scheme
The Society of Anti Money Laundering Professionals launches new membership class
Quick To Learn More expands and updates content units
Hong Kong's latest foreign currency reserve assets figures released
International reserves of BNM as at 31 December 2009


Most Recent - BankingInsuranceSecurities.Com

FI frauds: Advance Fee Fraud - Speed Trust Company
wmlro.com: US court separates fraud and laundering its proceeds
FIs closed: Community Security Bank, New Prague, Minnesota, USA
FIs closed: Thunder Bank, Sylvan Grove, Kansas, USA
FIs closed: Home Valley Bank, Cave Junction, Oregon, USA
 

It might just be the one firm decision that came out of Copenhagen. China doesn't want to make cars that burn fuel faster than a power station: it would rather power power stations.

Chinese companies have been picking over the bones of western motor manufacturers for a while - unlike TATA which spent a shedload of cash on Jaguar-Range Rover and then asked the UK government for the money to pay for it (not exactly, but remarkably close) China waits until a business fails then picks up the bits it wants for song.

It did that with MG Rover - and although progress has been slow, there are MGFs and Rover &%s on the roads now that would not otherwise have been - and there are people employed in the UK who would otherwise have been out of work.

Then Beijing Auto bought the production lines for the SAAB 9-3 and 9-5 paying USD200 million to GM for a deal that also included SAAB's powertrain technology. It was the powertrain stuff that excited Shanghai Auto over at MG Rover.

Geely is negotiating with Ford to buy its Volvo arm: like SAAB, a new American parent took an niche product and turned it into a mass-market bus with little differentiation from other brands. To be fair, Ford did not go as far down that route with Volvo as GM did with SAAB but like GM they did change the nature and character of the brand taking it far away from its previously loyal customer base.

Last week, GM said it was closing Hummer and started to wind it down. Then, with echoes of SAAB, came news that two new offers had been received and the board were thinking about them.

So may be it's not all over for Hummer which tried to downsize by the launch of the H3 - only to see Honda make a copy of it that was even uglier and therefore sold to those who were buying a car the day after having a taste bypass. That'd be all of them, then.

Bookmark and Share





loading