"DETROIT/NEW YORK (Reuters) - General Motors Corp said on Tuesday it reached a tentative deal to sell its Hummer brand to a privately held Chinese heavy machinery maker, part of an effort to drop four unprofitable vehicle lines and leave bankruptcy as a leaner company."
There was a bid deal of IBM Thinkpad notebook by Lenovo. It was hot then, and still warm until now largely due to psychological pain. Now another icon of proud American made is grabbed by China. It is not a good deal for both sides. A gas guzzler with high brand value, bought by an unknown manufacture across the ocean, what's for? A gas guzzler with low brand value == dead meat.
I even heard my US colleagues made fun about it today, bitterly.
There was a bid deal of IBM Thinkpad notebook by Lenovo. It was hot then, and still warm until now largely due to psychological pain. Now another icon of proud American made is grabbed by China. It is not a good deal for both sides. A gas guzzler with high brand value, bought by an unknown manufacture across the ocean, what's for? A gas guzzler with low brand value == dead meat.
I even heard my US colleagues made fun about it today, bitterly.
Comments
Post a Comment