HONG KONG/NEW YORK, Feb 24 (Reuters) - Chinese regulators have rejected a controversial bid by Tengzhong, an obscure industrial equipment maker, to buy GM's [GM.UL] money-losing Hummer brand, a person close to the companies said on Wednesday. Sichuan Tengzhong Heavy Industrial Machiner Co, based in China's Sichuan province, was believed to be lobbying behind the scenes for regulatory approval ahead of an end-February deadline to close the deal. Officials at the Ministry of Commerce, ...
Premium Content (PAID Subscription Required)
"Chinese regulators reject Tengzhong's Hummer bid -source" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.