A while ago General Motors proudly announced that they finally found a buyer for Hummer brand. Sichuan Tengzhong Heavy Industrial Machinery from China is the company interested in acquiring the business but now rumor has it that Chinese government is against the deal due to Hummer’s environmental issues!
According to BBC, Sichuan’s other problem is China’s National Development and Reform Commission! They think that heavy industrial machinery has nothing to do with car business and running a car company, so Sichuan wouldn’t be allowed to do that, and they’re kinda right!
But Sichaun responds in a statement : ” The fact that it is from an article from a state media organization does not mean it is government policy. Some people may have views and speculation, but the Chinese government has a process that we respect”
Now we have to wait and see who will win this battle to adopt poor Hummer, but I think it’s a good time for middle eastern investors to step in and acquire Hummer business. After all, Chinese are too small for Humvee! aren’t they? And in the ME people love this desert bashing military-derived gas guzzler posemobile. It should be ours!