July 16, 2009
Chinese agencies back Tengzhong-Hummer deal

china hummerGM “kicks off” its Hummer selloff… or so says anonymous…

China’s Ministry of Commerce on Wednesday played down reports that it is at odds with the economic planning agency over a controversial deal for a little-known Chinese company to buy GM’s Hummer unit.

“This kicks off the approval process,” said the source, who asked not to be identified because of sensitive nature of the matter.

4:00pm  |   SOURCE  |  Comments (View)
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