Hummer buyer to open talks with Chinese authorities

CHICAGO: The potential buyer of General Motors Corp’s Hummer division will begin formal talks with Chinese regulators today in an effort to win approval for its acquisition, The Wall Street Journal reported on Saturday.

China’s Sichuan Tengzhong Heavy Industrial Machinery has agreed to buy the Hummer brand from the bankrupt US vehicle maker but state radio in China reported on Thursday that the country’s top economic planning agency was likely to reject the bid.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Manufacturing sales value declined to RM145bil in April
Mild gains on Bursa as odds turn in favour of Fed rate pause
EPF registers higher investment income of RM15.16bil in 1Q23
RAM Ratings maintains stable outlook on insurance, takaful sector
PublicInvest Research remains cautious on promising Sapura Energy contract wins
China factory gate deflation deepens in May, consumer inflation picks up
Ringgit rebounds on higher-than-expected US jobless claims
CIMB ASEAN Scholarship aims to empower the brightest youth in the region by providing pathway to tertiary education
Bursa struggles to stay above key support
Trading ideas: Sapura Energy, Dayang, Bina Puri, Borneo Oil, Tropicana, Revenue and PBA Holdings

Others Also Read