Speculation about the Hummer
The Hummer is a type of car previously associated with General Motors, it was bought by China this week. From L.A. Times:
The news has propelled Sichuan Tengzhong Heavy Industrial Machinery Co. onto the radar screen of auto enthusiasts worldwide. And it underscores China's growing economic might at a time when U.S. industrial prowess is flagging.
China is already the U.S. government's largest creditor and the largest foreign provider of manufactured goods to the U.S. Now a Chinese firm is the first to salvage a piece of a fallen U.S. titan -- a point of no small pride for many in China.
The new owners are planning to push sales of the gargantuan vehicle here, where it is already a status symbol for China's newly rich.
