Posted by: drgeophysics | June 26, 2009

China may reject Hummer Deal–conflict with conservation goals.

Things work much differently in the US than other countries. Here is an example:

BEIJING–China’s planning agency is likely to reject a Chinese company’s bid to acquire General Motors Corp.’s Hummer unit, in part because its gas-guzzling vehicles conflict with Beijing’s conservation goals, state radio reported.

The National Development and Reform Commission is also likely to say Sichuan Tengzhong Heavy Industrial Machinery Corp., a maker of construction machinery, lacks expertise to run Hummer, China National Radio said late Thursday. It cited no source.

Note that there is a perspective that relates to strategic and national interest.

Follow this link to the story.

In contrast to that, anyone want to purchase the nation’s largest biodiesel plant? It is for sale now as that market tanks.

Follow this link to the story.


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