However much the reactionaries try to hold back the wheel of history, sooner or later revolution will take place and will inevitably triumph. – Mao Zedong, November 6, 1957
The General Motors Corporation has agreed to sell it’s Hummer division to Sichuan Tengzhong Heavy Industrial Machinery Company Ltd. of the People’s Republic of China. Terms have not been released, but the sale should be closed by the end of September.
Diligence and frugality should be practised in running factories and shops …. — Mao Zedong, 1955
GM filed for bankruptcy protection Monday morning, and needs the money. Essentially, the company has been nationalized, as the U.S. government now owns sixty percent of General Motors. Sichuan Tengzhong, based in Chengdu, is a private corporation.
Factories can only be built one by one. – Mao Zedong, November 18, 1957
Some GM plants in the U.S. will continue building Hummers — for Sichuan Tengzhong — for a least a year.
Note: Military Humvees are built by AM General, not GM; quotations are from the new Hummer Owner’s Manual; the title of this post alludes to a Chinese folk song that became a patriotic march and then an anthem associated with the Cultural Revolution.
Image (Hum-Mao) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
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