Report: Hummer deal on the rocks, China doesn’t want gas guzzlers
Posted on 25. Jun, 2009 by admin in China, HUMMER, Object, SUVs
General Motors’ deal with China’s Tengzhong to buy Hummer was thought to be as good as done in early June, but today reports of chatter on China’s state radio casts the sale in a different light. The gas-guzzling SUVs just don’t fit with the conservation plans in place in Beijing.
So now the AP is reporting that the whole deal is likely to fall apart, with the Chinese government expected to reject Tengzhong’s purchase of Hummer. The National Development and Reform Commission (NDRC) is the agency behind the decision.
