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Old 06-28-2009, 10:27 AM
 
Location: Michigan
29,391 posts, read 55,596,323 times
Reputation: 22044

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BEIJING - China's planning agency is likely to reject a Chinese company's bid to acquire General Motors Corp.'s Hummer unit, in part because its gas-guzzling vehicles conflict with Beijing's conservation goals, state radio reported.

China may reject Hummer acquisition - Autos- msnbc.com
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Old 06-28-2009, 09:32 PM
 
866 posts, read 4,257,980 times
Reputation: 285
If China does not buy the Hummer brand that could be the end of the brand if there are no other reasonable buyers.
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Old 06-29-2009, 01:20 AM
 
Location: Conejo Valley, CA
12,460 posts, read 20,085,650 times
Reputation: 4365
Buying Hummer really makes little sense....I was sorta hoping the Chinese were going to buy it.
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Old 06-29-2009, 09:20 AM
 
22,768 posts, read 30,733,597 times
Reputation: 14745
Since when does the Chinese government give a rip about the environment?

Sounds like more of a political statement than anything else.
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Old 06-29-2009, 06:41 PM
 
48,502 posts, read 96,856,573 times
Reputation: 18304
Sounds like a out after considering it more closely.
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