Wikinvest Wire

China may block Hummer sale

Friday, June 26, 2009

Bad news for Hummer fans comes via this story at Marketwatch about the Chinese government blocking the sale of the GM brand to Sichuan Tengzhong Heavy Industries.
IMAGE It appears that Chinese authorities have some environmental concerns about the deal and have questioned the small company's lack of experience in the auto industry. Nonetheless, Sichuan Tengzhong is developing proposals to acquire the GM unit.

Also see Hummer Overfloweth, about to celebrate its four year anniversary this fall.



Anonymous said...

Oh noes! Whatever will fat 30-ish Chinamen with small 'johnsons' do???

Yasir Saeed, RY International said...

may be this deal can benefit both companies

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