ST Alpha - "The Hummer brand may die after all" (Reading a Post)

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The Hummer brand may die after all

Posted by Brian (aka trav007) Jun 26 '09, 12:32

BEIJING (Reuters) - China's top economic planning agency is likely to reject Sichuan Tengzhong's bid to buy the Hummer brand from bankrupt General Motors Corp (GM.N) (GMGMQ.PK), state radio reported on Thursday.

The planner, the National Development and Reform Commission (NDRC), is worried that Sichuan Tengzhong Heavy Industrial Machinery, which makes special-use vehicles and highway components, does not have the experience and resources to run the Hummer business, the report said.

Besides, Hummer, as an expensive, gas-guzzling sports utility vehicle, would not fit in with the government's policy of encouraging energy-efficient vehicles, the radio said.

Too much of a gas guzzler even for China (www.reuters.com)

Responses:

*congratulates China, if this is true* -- nm - Beryllium Jun 26, 12:45
*apologizes to China* -- nm - Mattel Jun 26, 12:36
Plus China signed onto Kyoto -- nm - budice Jun 26, 12:34 2
- Heh. Why wouldn't they? It didn't require them to actually reduce anything. -- nm - Dr.Vermin Jun 26, 12:42 1
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The Hummer brand may die after all

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