Despite speculation that the Chinese Government is blocking the sale of HUMMER to Sichuan Tengzhong, a company spokesperson says that the deal is still progressing.
“We do not yet have a definitive agreement, but are developing our proposals with GM and Hummer and we will continue to engage with the appropriate authorities in an appropriate manner,” a company spokesperson told the Wall Street Journal.
While rumors have been swirling, things really took off this morning when China National Radio reported a sale would not go through and the story was run by the BBC.
Sichuan Tengzhong pointed out that the original radio story did not quote anyone of authority at China’s National Development and Reform Commission. “Some people may have views and speculation, but the Chinese government has a process that we respect,” said the spokesperson.
Formal discussions with the Chinese government regarding the purchase of HUMMER are expected to begin next week.
Related posts:
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- Chinese Regulators Supportive of HUMMER Deal
- Chinese Regulators Debate HUMMER Deal
- Three Reasons Chinese Government Will Support HUMMER Deal
- Rumors of Layoffs at Mishawaka Hummer H2 Plant
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June 29th, 2009 at 1:21 pm
WOW even the Chinese Government don’t want the Chinese to get Hummer.GM should make Penske a package deal.With any luck the deal wont go through.It makes me sick to think of a Chinese Hummer.GM should sell Hummer to a American company even if for less money after all the money the American people gave them.I will never buy another Hummer if it gose to China.I hope the rest you feel this way too.I am a proud to own a American Hummer.
June 29th, 2009 at 11:02 pm
Total agreement. There won’t be a Chinese Hummer in my driveway, ever.
June 30th, 2009 at 12:46 pm
I love my H3 – Not happy if Hummer goes to Chinese – I want it to stay a US owned, manufactured company – I buy American – will not buy non American
July 10th, 2009 at 1:09 pm
I’m a little sick of the idea of buying a China owned product too. I’ve bought GM products all my life and really was excited to get a new H3 last year that my wife drives. She loves it. GM is making a huge mistake getting rid of a very good brand name. They could have used Hummer brand to promote an effort for fuel efficient program and could have looked like a star in the end. Too bad the govt is running GM now, I don’t think I can buy another GM product now. I probably get a H2 for me at some point, regardless who owns it. We are very active people, and the Hummer line serves all our needs perfectly for winter and summer activities.