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REPORT: China to block HUMMER sale to Tengzhong

by Jeremy Korzeniewski (RSS feed) on Jun 26th, 2009 at 2:57PM

- General Motors' pending deal to offload its unwanted HUMMER brand may have hit a major snag. Although no official word has come from the Ministry of Commerce or the National Development and Reform Commission, state-run radio organizations are reporting that the Chinese government will indeed block the sale of HUMMER from GM to Sichuan Tengzhong Heavy Industrial Machinery Co. It's impossible to know exactly how this whole mess will play out, but these reports clearly jive with the general sentiments we've been hearing since the deal was first announced.According to Chinese radio reports... Read More

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