Has Hummer Sale Hit a Great Wall in China?
Posted on 26. Jun, 2009 by admin in China, GM, HUMMER, News, Trucks/Pickups, UK
The BBC is reporting that state-owned China National Radio says that purchase of Hummer by heavy-equipment maker Sichuan Tengzhong will be blocked by Chinese authorities because of environmental and business concerns.
Sichuan Tengzhong disputes the accuracy of the radio report.
“The fact that it is from an article from a state media organization does not mean it is government policy,” the company said in a statement.
Tengzhong needs support from three different Chinese government agencies to complete the purchase, governing overseas investment, economic planning and China's tight controls on foreign exchange.
[Source: BBC News]
