I was just about to post something yesterday when I saw that GM was letting go of its Hummer. It would be good riddance. I hate those things – they were meant for the army, not for city roads.
But now, I see it’s moving over to China as the Hummer is the ultimate status symbol for the middle class.
How scary is this?
I know that China is about to take centre stage in the global economy and although that’s worrisome for us, I’m worried for their own sake. If this is the direction they’re taking their wealth, I don’t think they’ll be in the limelight for too long before their own collapse. They’re in a little different position that us.. over 1 billion people living our lifestyles and idolizing the Hummer? Just wait. It won’t be long.
2 responses so far ↓
Jay Godse // June 3, 2009 at 5:02 pm |
I think that the Chinese company acquired the Hummer to get access to a dealer network in North America, so they could use that channel for their Chinese-produced cars.
China doesn’t have a billion people who live our lifestyles and want to drive Hummers. That would require a lot more roads than they could build in the next 10 years. Remember that 80% of China still lives in the countryside and working the same style of jobs that people have worked there for the last 80 years. That isn’t going to change any time soon.
mattroberts // June 3, 2009 at 6:58 pm |
I agree with Jay. This provides channel.