Sunday, October 11, 2009

Hummer Story Continues...

Via Tony Tsai -

"GM decides to sell Hummer to Tengzhong; government approval is key to deal
Oct. 8, GM CEO Fritz Henderson says that GM has decided to sell Hummer to Sichuan Tenzhong Heavy Industrial Machinery. Earlier, China's Ministry of Commerce said that it had not yet received any application for the deal. Government approval has become the biggest variable in the deal. Apart from Hummer, GM has successfully sold Saab and Opel."

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