BREAKING NEWS

BREAKING NEWS

Chinese Hummer purchase unlikely

Now Reading:

Chinese Hummer purchase unlikely

Text size Aa Aa

The attempt by a Chinese industrial equipment maker to buy General Motors money-losing Hummer brand is looking increasingly unlikely to happen.

Media reports quoted sources as saying the Chinese government will not approve the controversial deal.

The Sichuan Tengzhong Heavy Industrial Machinery Company would have to get that approval before a GM deadline expires at the end of this week.