Rumor: HUMMER Sale Nixed By China, Tengzhong Considers Offshore Options
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Rumor: HUMMER Sale Nixed By China, Tengzhong Considers Offshore Options
General Motors is having a win-some/lose-some kind of week: a day after the company wrapped up its drawn-out sale of Saab, rumors indicate that GM's attempt to sell another brand -- HUMMER -- has been foiled by the Chinese government. The news comes via Business Week, citing sources close to the negotiations. Not to toot our own horn, but we've...
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Last edited by Jazz; 02-24-2010 at 12:23 PM.