Hummer buyer to open talks with Chinese authorities


  • Business Premium
  • Monday, 29 Jun 2009

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.

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