China Kills Buyout Of Hummer

[24/7 Wall St.]

24/7 Wall St. Daily News

GM wants to sell Hummer. It needs the money. Sichuan Tengzhong, a heavy equipment firm based in China, looked like a ready buyer. GM would like to find an acquirer that would save most of the unit’s jobs. Sichuan Tengzhong seemed to fit that bill. Now it appears that the Chinese government has killed any chance [...]

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