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mises
Joined: 05 Nov 2007
Location: retired
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 Posted: Tue Jun 03, 2008 11:49 am Post subject: adieu to the Hummer? |
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WILMINGTON, Delaware (Reuters) - General Motors Corp on Tuesday said it was closing four truck plants and could sell its Hummer brand to cut slow-selling trucks and SUVs from its lineup in response to higher gasoline prices the automaker now sees as a permanent threat to its business.
Chief Executive Rick Wagoner, speaking after a revised restructuring plan was approved by the automaker's board, said GM would close the four North American truck plants and add shifts at two U.S. plants making more popular car models.
In addition, Wagoner said GM was reviewing the Hummer brand and could sell the military-derived SUV line, which has become synonymous with gas-guzzling excess.
"U.S. economic and market conditions have become significantly more difficult," Wagoner said, adding higher gasoline prices have caused consumers to swap out of higher-margin trucks and SUVs faster than GM had expected. |
http://www.reuters.com
A good idea. They clog traffic, are douche-magnets and really aren't a reasonable truck to own. And they are surprisingly affordable. |
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Bigfeet
Joined: 29 May 2008
Location: Grrrrr.....
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| Posted: Tue Jun 03, 2008 4:29 pm Post subject: |
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Who's going to buy it? GM may have to pay somebody to take it off their hands.  |
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aarontendo
Joined: 08 Feb 2006
Location: Daegu-ish
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| Posted: Tue Jun 03, 2008 10:53 pm Post subject: |
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| I hope not I like gettin 'em |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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Captain Corea
Joined: 28 Feb 2005
Location: Seoul
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| Posted: Wed Jun 04, 2008 5:13 am Post subject: |
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I could not believe how many I saw on a recent trip to Alberta.
Oil Sands = HUMMMERs? |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Wed Jun 04, 2008 10:56 am Post subject: |
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| Captain Corea wrote: |
I could not believe how many I saw on a recent trip to Alberta.
Oil Sands = HUMMMERs? |
Yeah, I've noticed that too. I guess if you have a high concentration of 18-30 year old men with huge incomes and a conservative and machismo mentality you get hummers.
You can lease one with 4k down for 460$/month in the USA and they still aren't moving. |
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SirFink
Joined: 05 Mar 2006
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| Posted: Wed Jun 04, 2008 11:59 am Post subject: |
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| Joo Rip Gwa Rhhee wrote: |
Why not? |
Because parallel parking them is a bitch. |
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Bigfeet
Joined: 29 May 2008
Location: Grrrrr.....
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| Posted: Wed Jun 04, 2008 12:03 pm Post subject: |
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| Only the first Hummer can be compared to its military counterpart in the same breath. All the others are glorified trucks. |
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