Reuters reports that General Motors will sell Hummer, though a buyer has not been named, nor has a number been quoted for how much it’ll pay. And then there’s this, from the mailbag:
I saw David Rubenstein and Rahm Emanuel (with one other unidentified guy) eating dinner at Blue Duck Tavern in DC last night. There is an outdoor seating area, which is where they were. They were actually looking somewhat awkward, not sure what to make of that. I do remember they were twins with their navy suit and red ties (it is Rubenstein after all), probably planned that. I’m not saying Carlyle bought Hummer, but I’m not saying it.
Well, that settles it.
Isn’t Emanuel famous for his rufi-coladas?
Emanuel has 4 fingers on one hand.
Who bought the hummers?
I thought he had six fingers on his right hand. Someone was looking for him.
As the President’s Chief of Staff, I am humbled, a quality that does not come naturally, and amazed by the incredible array of problems that President Obama confronts on a daily basis, a day that will be filled with hard choices about our policies with regard to struggling automakers and unstable financial markets, rising health care costs, growing dependence on foreign oil, dangerous regions in the world, and a difficult job market here at home,” Emanuel told the Class of 2009.
EMANUEL LIFE LESSON ONE: THE FINGER
At age 17, working at an Arby’s roast beef joint, Emanuel accidently sliced off the top portion of his middle finger. Emanuel made this joke on himself at the April 2007 Gridiron dinner. “Of all the fingers to lose! I could not express myself for months. I had to learn to talk with my left hand.”
EMANUEL TO GRADUATES: “I want to start with a lesson that I learned the hard way. When I was in high school I was a pretty reckless guy. Let’s just say I wasn’t the staid and somber figure that stands before you now. I had lost — I was working as a meatcutter and sliced my finger deeply and not being — being 17, went swimming in Lake Michigan, ended up — it was prom night; that’s a legitimate thing to do — ended up with five blood infections, two bone infections, gangrene, and a 105 fever, and in a hospital for two months, and for the first 96 hours I battled between life and death.
“But what started as a minor mishap turned into a life-threatening infection. There were several weeks in the hospital, sleepness nights in the intensive care unit, five roommates who died. It was a terrible time for me and worse for my parents. But to be honest, I’m glad I went through it, because a funny thing happened along the way back from the precipe: Nearly losing my life made me want to live my life.
“So the first lesson I’d impart is this: Don’t be reckless with what you’ve been given. Take what you do and how you live your life seriously. It is that seriousness of purpose that I learned in that hospital bed for eight weeks, and I’m grateful for that lesson every day of my life, the things that didn’t matter so much any more, the little things. And I knew I wanted to make something of myself and make a difference in this world.
Who wouldn’t pay for a hummer from Rahm?
@7
So Rahm’s message is to go be as reckless as possible so you’ll push it to the limit and realize how awesome life really is?
Word.
Also Rubenstein + Emmanuel could be anything, come on. If there’d been other characters there then maybe…
Why would carlyle want to buy hummer? its a ridiculous idea. little upside, incredible downside in terms of red face risk. no investor with a reputation will buy such a crap asset – and there is dumb money enough in the world willing to pay for brands.
Anyone who drives a Hummer is a hoop-earringed guido. Oh, and Rahm Emannuel is a raccoon-eyed asshole.
Since Hummer means lobster in German does that make Rahm GM’s lobsterclops?
@10- why would anyone want to buy hummer?
@anal_yst: “If there’d been other characters there then maybe…” did you not note the parenthetical?
The Hummer is manufactured by AM General, which is not owned by GM. GM has a branding agreement with AM General and does some design work for the Hummer also. And of course GM distributes the Hummer. Therefore there’s not much to sell here? (AM General manufactures the Humvee.)
I can see why Carlyle could be interested in AM General as Carlyle wants more companies that do military work. But I’m not sure what this has to do with any significant GM assets. Anyone more knowledgeable here that can shed some light?
I would be too afraid Rahm would stab my hummer with a steak knife.
Car RamRahm
throw some D’s on that hummer
Rubenstein should be careful. Rahm is definitely the crazy type that’d fuck you and then kill you in your sleep.
“Posted by guest, Jun 02, 2009 9:26AM
Anyone who drives a Hummer is a hoop-earringed guido. Oh, and Rahm Emannuel is a raccoon-eyed asshole.”
On Fast Money yesterday Jeff Macke said he bought a hummer over the weekend.
HUMMERCLOPS
I’d pay more for a hummer on 8th ave than I would for the truck company. Carlyle didn’t buy it though.
@18 i hate hummers but that somehow makes me love jeff macke even more
@13
where do you think the term ‘dumb money’ come from?
@13
I saw it. My point was that from the information provided it hardly sounds like a “closing dinner” and more like a quasi-regular meeting of influential men.
Cahpiche?
You know what they say about Sicilians…
GM said this morning they have identified a buyer for Hummer but they didn’t disclose the name.
@23
Cahpiche?? is that your attempt to murder the italian language.
u must be a patrick
@25- you going somewhere with that?
@27 – I wanted to leave it open to interpretation.
Discuss amongst yourselves.
Hummer’s “new car smell” = Axe body spray
I liked the Blue Duck.
Carlyle can only do deals with government support, god forbid they learn capitalism…
Carlyle picking up Hummer is a great move…especially if they get a deal to sell right back to the govt.
You could sell thousands of these vehicles with a little marketing pizzaz….how about
“Get a Hummer and Get a hummer”
Special offer ends July 4, 2009. While supplies last. Only one hummer per vehicle not to last longer than 1-hour. Orgasm not explicitly nor implicitly guaranteed. Hummer must be arranged and scheduled through you local dealer and is only valid for the original owner. Choice of blonde, brunette, or red-head based on availability. AMC/Hummer its parent companies, subsidiaries, affiliates, as well as any contracted escorts, shall not responsible for for any teethmarks, clothing stains, cankerous sores, impotence, errections lasting longer than 4 hours, matrimonial conflicts or other resulting relationship issues, nor any sexually trasmitted diseases that may be contracted orally before, during or after any test drive or period of ownership.
@31 – how is hummer a great deal retard?
@33 It would compliment the Carlyle assets and fuck you, your mother and your sisters. I will leave the brothers and pets for you.
-31
Just reading quickly here – I have a day job – so I may have missed, but how can anyone opine on whether or not its a good deal if they don’t know the price?
@35 Logic would tell you that any deal at this point would leave the buyer with a slight advantage.
@35- agreed.
@35 – Smug bastard, so true and that’s why you still have a day job. Now get back to work!
36 I guess by logic you mean that the buyer is negotiating from a position of strength vs. the seller. As if that were all it takes for an M&A deal to be good…
A buyer would want the access to the dealers and distribution system that would already be in place.
Incredibly hard and expensive to build a dealer network (see money spent by GM to build Saturn).
Unfortunately, I don’t think anyone would be in need of that right now – Tata is too many years away as are the Chinese auto companies.
@34 what the fuck do you mean with “it would complent the carlyle assets” you sad wanker? you dont know shit a bout pe and, you’re a fucking pussy that never did a deal in his life. go jerk you’re little dick..
@35 – if you are a pe with a reputation, there’s a lot of assets you don’t want to touch at any price. back to your day job, tata, PEB
Sichuan Tengzong Heavy Industrial is the buyer for Hummer, on CNBC now
@41 Wanker? Go see a Dentist you retarded Brit!
you people who are asking “why would you want to buy hummer” …are idiots. it all depends on the price…
@45 no it doesnt retard – you’re the kind of guy that sticks his dick in a aids infested whore because the price was so low…
@44
your mother likes Brits, at least that’s what she says while i pound her like the cheap slut she is.
have a splendid day and warm regards from london.
For China, it has been a Long March to Vehicular Victory.
See:
http://notionscapital.wordpress.com/2009/06/02/the-ink-is-red/