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    Report: China to 'force' car company mergers, hopes to consolidate market     1273784400

    Currently, there are 130 different automakers existing in China, and in an effort to create stronger companies, the Chinese government will be releasing plans to encourage mergers and buyouts between the different manufacturers. These new guidelines, drawn up by the Chinese Ministry of Industry ...

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    Recork the Champagne? China says Hummer paperwork not submitted yet     1255379340

    2008 Hummer HX concept – Click above for high-res gallery
    Last week, it was reported that General Motors had signed a definitive agreement to sell Hummer to Chinese machinery manufacturer Tengzhong. The Chinese company and its partner in the deal, Lumena Resources Corp., would pay $150 ...

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    Chinese government unlikely to approve Hummer purchase deal?     1244230080

    According to a report from Bloomberg, state-owned Chinese news agency Shanghai Securities News is predicting that it is unlikely the Chinese government will approve the purchase of Hummer from General Motors by Sichuan Tengzhong Heavy Industrial Machinery Co. Why? Apparently, China actually wants ...

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