{"id":41326,"date":"2009-06-26T06:21:39","date_gmt":"2009-06-26T13:21:39","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=41326"},"modified":"2009-06-26T06:21:39","modified_gmt":"2009-06-26T13:21:39","slug":"china-to-block-hummer-takeover","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2009\/06\/china-to-block-hummer-takeover\/","title":{"rendered":"China &#8216;to Block&#8217; Hummer Takeover"},"content":{"rendered":"<p>The unexpected proposed takeover of Hummer by a small Chinese company has been stalled, due to concerns about the environment. <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/8120231.stm\">From BBC<\/a>:<\/p>\n<blockquote><p>\nSichuan Tengzhong Heavy Industrial Machinery emerged as the surprise buyer for the brand earlier this year.<\/p>\n<p>But China National Radio said Hummer is at odds with the country&#8217;s planning agency&#8217;s attempts to decrease pollution from Chinese manufacturers.<\/p>\n<p>The acquisition from General Motors would need Chinese regulatory approval.<\/p>\n<p>The value of the bid was not disclosed at the time, but analysts say that GM would have made about $100m (\u00a361m) from the sale.<\/p>\n<p>National Development and Reform Commission will also block Sichuan Tengzhong from buying Hummer because the Chinese construction equipment maker lacks expertise in car production, state radio added. <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The unexpected proposed takeover of Hummer by a small Chinese company has been stalled, due to concerns about the environment. From BBC: Sichuan Tengzhong Heavy Industrial Machinery emerged as the surprise buyer for the brand earlier this year. But China National Radio said Hummer is at odds with the country&#8217;s planning agency&#8217;s attempts to decrease [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2,132],"tags":[3797,5784,8022],"class_list":["post-41326","post","type-post","status-publish","format-standard","hentry","category-world","category-economy","category-environmental-crisis","tag-auto-industry","tag-greenhouse-gas-emissions","tag-hummer","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v23.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China &#039;to Block&#039; Hummer Takeover<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2009\/06\/china-to-block-hummer-takeover\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China &#039;to Block&#039; Hummer Takeover\" \/>\n<meta property=\"og:description\" content=\"The unexpected proposed takeover of Hummer by a small Chinese company has been stalled, due to concerns about the environment. From BBC: Sichuan Tengzhong Heavy Industrial Machinery emerged as the surprise buyer for the brand earlier this year. 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