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| China-Japan-Koreas |
| War by other means: China to block Hummer takeover |
| 2009-06-26 |
| A Chinese firm's bid to buy the gas-guzzling Hummer car brand will be blocked on environmental grounds, according to Chinese state radio. Sichuan Tengzhong Heavy Industrial Machinery emerged as the surprise buyer for the brand earlier this year. But China National Radio said Hummer is at odds with the country's planning agency's attempts to decrease pollution from Chinese manufacturers. Sichuan Tengzhong disputed the accuracy of the radio report. "The fact that it is from an article from a state media organisation does not mean it is government policy," the company said in a statement. "Some people may have views and speculation, but the Chinese government has a process that we respect." The acquisition from General Motors needs Chinese regulatory approval. |
| Posted by:trailing wife |
| #1 So maybe the Chinese will open a US plant or two and build them here? Lots of available TIF Districts and cheap labor (in a few months once the laid-off UAW folks realize that their beloved automaker unions are of little or no help when the local's benefit fund runs dry). Plus they don't seem to get bent out of shape by a |
| Posted by: Mullah Richard 2009-06-26 17:12 |