CenterCut: U.S. expert questions Tengzhong's plan to buy Hummer

Saturday, June 06, 2009

U.S. expert questions Tengzhong's plan to buy Hummer

Blog Author Richard Wottrich interviewed by China Daily

by Jing Zhao Cesarone

CHICAGO, June 5 (Xinhua) -- General Motor's Hummer is considered as an exaggerated and extreme example of a disregard for the environment and there are significant brand negatives for the Chinese company Tengzhong to buy it, a U.S. financial expert said Friday.

In an interview with Xinhua, Richard L. Wottrich, managing director of International at Dresner Partners, an investment banking firm based in Chicago, said, "The vehicle is too big, uses too much gas, and is viewed as a toy for the rich. These are rather significant brand negatives for the Chinese company Tengzhong to consider."

Source - China Daily (Xinhua) - http://news.xinhuanet.com/english/2009-06/06/content_11497516.htm

2 comments:

Anonymous said...: Why is the Chinese government interferring in the Hummer deal?; 6:19 PM
Richard Wottrich said...: Why is the US government interferring in GM?; 5:43 PM

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CenterCut - Alternative Energy & Sustainability

Centercut tracks the political implications of policy, tax subsidies, and direct grants on alternative energy and sustainability projects worldwide.

We review articles and scientific journals the world over to discern emerging and replacement technologies, political trends and the occational intellectual cul-de-sac.

In a world under severe stress all systems require new thinking. It is imperative that sustainability and alternative energy become mantras for creative destruction and cascading innovation. Small incremental advances will 'ripple' across our fragile orb in waves of change unimagined.

Blog Editor: Richard L. Wottrich

CenterCut = Center of Gravity

The greatest challenges in life are gifts that force us to search for a new center of gravity.

Einstein said, “The most beautiful thing we can experience is the mysterious. It is the source of all true art and science.” But the mysterious absent wisdom is noise, just as knowledge absent experience is irrelevance.

We are either a marvelous human race celebrating the ascendancy of humanity, science and technology, or we are the miscreants who have created a dysfunctional world under severe stress. Our blessing is that we still have a choice.

Richard L. Wottrich

Centercut Definitions

Alternative Energy - Energy Systems derived from sources that do not deplete irreplaceable natural resources or harm the environment.

Sustainability - The ability to maintain balance of a certain process or state in any system, especially related to the depletion of world energy and water resources at a rate that cannot be replaced.

Stakeholders - The end-users or clients, the people from whom requirements will be drawn, the people who will influence the design and, ultimately, the people who will reap the benefits of a completed project.