On Monday, Hummer ended producing the boxy all-wheel drive vehicles. Photo source: super-cars-wallpaper.blogspot.com
The fascinating arc of the Hummer – the big, boxy all-wheel drive vehicles that came to symbolize the strength of the United States – ended Monday when the last model was driven from the assembly line.
NBC News reported the end of the production line for Hummer.
An offer from a Chinese company in Sichuan province to buy the brand and continue selling Hummers never cleared approval from Chinese regulators.
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I shouldn’t be surprised by what humans can think up in terms of financing or elaborate rules to accomplish goals.
But consider these two examples and one column, as published in The New York Times.
I highlight passages here for one simple reason: I think they’re worth keeping in mind – at least for the future.
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The Hummer brand was sold Friday to a group in China's Sichuan province. Photo source: otegroup.com
UPDATE ON FEB. 24, 2010: The Hummer deal has fallen through.
If it’s possible to learn lessons about humans by observing their interactions with tofu, it’s also instructive to watch the arc of the hulking, all-terrain vehicles made by Hummer.
Back in 2003, the company’s H2 model was so heavy that it actually qualified for a federal tax deduction of nearly $38,000 for small-business owners and the self-employed, as I reported.
On Friday, General Motors, which was in bankruptcy protection, announced it had sold the Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Corp., according to The Associated Press, Bloomberg and other outlets.
Media reports placed the sale at $150 million, though bankruptcy court papers had estimated Hummer’s value of at least $500 million.
One analyst told Bloomberg that it’s good for General Motors to get the cash.
Why is following this Hummer arc so important or interesting?
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