Earlier we published reports from Reuters claiming that Tengzhong’s bid to buy HUMMER was rejected by the Chinese Ministry of Commerce (MOC) due to lack of detail. According to our sources in China, the deal was not “turned back” for rejection, but rather for clarification. Once the details are added, …
Read More »Monthly Archives: September 2009
Chinese HUMMER Deal Reportedly Hits Regulatory Setback
The Chinese Ministry of Commerce (MOC), which giggles at the mere thought of a “Labor Day,” is reportedly hard at work this Monday and isn’t pleased with the plan for Tengzhong to purchase HUMMER from General Motors. Reuters is reporting that the MOC has already returned the application because it …
Read More »Responses from HUMMER’s CEO Coming Soon
We just got word that the questions submitted to Jim Taylor, HUMMER’s CEO, may come as early as this week. The response we had was great – over 50 questions in a little over 24 hours. While Jim won’t be able to respond to each individually, he will address several …
Read More »