China’s Commerce Ministry said this morning that it has yet to receive an application from Sichuan Tengzhong Heavy Industrial Machinery to purchase the Hummer brand from General Motors. The Ministry must approve such planned acquisitions – and Tengzhong’s failure to seek approval so far could throw a large fork into salvation plans for Hummer.
“The Ministry of Commerce has yet to receive an application concerning Tengzhong’s purchase of Hummer,” Chinese state radio said, quoting an unnamed Ministry official.
“Currently, the Sichuan province commerce office is preparing to report the situation to the Ministry of Commerce, and because nothing is known about the specific content of the purchase agreement, for now [the ministry] will not say any more,” the official said, according to the report.
On Friday, GM signed a deal with Tengzhong for the company to purchase Hummer from the Detroit automaker for an undisclosed amount.
10/12, 9:07 AM
posted by:
AutoCritical
Whats a bit of paper work! No doubt they are still going ahead with it! Unless the previous article was a bluff, in the anticipation that there were issues/delays, and they wanted to keep their competition out of the picture..
I’m all for a more sinister view on this!
10/12, 9:26 AM
posted by:
2WheeledSpeed
Either a Chinese corporation can’t do paperwork (Which does not bode well for Hummers future)… Or the Ministry of Commerce “Forgot” that they recieved it. That kinda BS wouldn’t suprise me from the Chinese government.
10/12, 9:27 AM
posted by:
idrinorbarsaku
Hope this sale FAILS!!!
10/12, 9:54 AM
posted by:
05Z88Path
I think we could see this coming. The Chinese Gov. will shoot this deal down!!
10/12, 10:23 AM
posted by:
armstealer
Good Grief Charlie Brown
10/12, 11:37 AM
posted by:
jayjc08
Wish I could just say that for all my bills and taxes. “Sorry, I never received your forms… no, I’m not responsible for the poisonous child’s toys either, but thanks for your concern!
10/12, 11:59 AM
posted by:
Borat
Hey where is NMOGM to explain all this! He should be in the loop and educating us ungreatfull compatriots, sorry traitors!
10/12, 12:33 PM
posted by:
Stix
Apparently, NMOFGM fails to realize that blind loyalty does not equate to patriotism.
Healthy criticism, on the other hand, is the entire reason America made great strides in the first place.
10/12, 12:57 PM
posted by:
A4
JUMP! JUMP! JUMP!
10/12, 5:01 PM
posted by:
RaineMan
I believe the Chinese govt. is simply saying that they have not received their bribe yet. Just like here in the USA, money talks. Govt regulations be d@mned.
10/12, 8:13 PM
posted by:
ktulu
appy for a Hummer?
10/14, 2:06 AM
posted by:
protonzdead2me
screw HUMMER