Bad news comes from China since China’s state radio is claiming Sichuan Tengzhong Heavy Industrial Machinery’s acquisition of General Motors’ Hummer brand will be blocked due to environmental concerns. China is not known for its environmental policies but is looking to cut emissions from the manufacturing sector. For your info, Sichuan Tengzhong Heavy Industrial Machinery will complete its deal to buy Hummer by October this year. [LeftLaneNews]
