Thursday, August 27, 2009

Hummer Acquisition Still Not Approved By Chinese Government

The acquisition of Hummer by Sichuan Tengzhong Heavy Industrial Machinery Co. from General Motors has still not been approved by China's Ministry of Commerce according to Xinhua. In its application Tengzhong has reportedly only said that it plans to buy the Hummer brand and it is unclear if any technology or other assets will be purchased.

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