October 12, 2009
Written by C.N.
Hummer Sold to Chinese: What Will Americans Do Now?
Most people know the Hummer line of sport utility vehicles as embodying a very “in-your-face” image of conspicuous materialism and conservative, anti-environmentalist values. Hummers have been the bane of environmentalists for a while, with many being vandalized through the years by radical environmentalists. Nonetheless Hummer owners are very defiant and a recent survey of Hummer owners confirms that in buying their Hummers, most of them made a very conscious choice that their vehicles directly reflected their morals about American individualism, “patriotism,” and consumption.
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This social image of Hummer and their owners is what makes this most recent development so ironic — as news organizations have begun reporting, Hummer’s current owner (General Motors) has just sold the brand to the Chinese heavy industry company Sichuan Tengzhong:
It marks the first time that Chinese investors have stepped in as buyers into the distressed U.S. auto industry. The sale also comes at a time when China has emerged as the world’s largest auto market and GM remains majority-owned by the U.S. government after being driven into bankruptcy. . . . A person familiar with the deal said earlier on Friday that the Hummer business would be sold for about $150 million, far less than GM’s early estimate that Hummer could fetch more than $500 million. . . .
Hummer’s sales peaked in 2006 but have been hit hard since by a slumping U.S. economy, higher gasoline prices and a shift in U.S. consumer tastes away from Hummer’s heavy-duty SUVs and its military-derived styling. Through September, Hummer’s U.S. sales were down 64 percent this year. Analysts said the new Hummer faces a difficult task of revamping a macho brand associated with the excess of the past economic boom in the United States.
From a sociological point of view, the question now becomes, what will these individualist, flag-waving, American-valuing fans of Hummer do, now that their beloved company is owned by [gasp] a Chinese company?!?
Will they still embrace the brand and its macho, John Wayne-worshiping image? Will they continue to buy Hummers in the future, even though it means that their money will go to a Chinese, rather than an American, company?
I don’t know the answers to these questions yet, but I will definitely enjoy sitting back and watching how these Hummer owners and fans grapple with this perplexing and ironic dilemma.
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Update: On second thought — On February 24, 2010, both General Motors and Tengzhong announced that their deal has fallen through and will not be completed after all.
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Author Citation
Copyright © 2001- by C.N. Le. Some rights reserved.
Suggested reference: Le, C.N. . "Hummer Sold to Chinese: What Will Americans Do Now?" Asian-Nation: The Landscape of Asian America. <https://www.asian-nation.org/headlines/2009/10/hummer-sold-to-chinese-what-will-americans-do-now/> ().
Short URL: https://www.asian-nation.org/headlines/?p=1527
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