Tengzhong, GM agree to extend Hummer deadline
By Li Fangfang | China Daily | Updated: 2010-02-02 08:05
Sichuan Tengzhong Heavy Industrial Machinery Co said yesterday that it has agreed with General Motors to extend the deadline for its purchase of the Hummer brand by a month.
The Chinese firm said the extension was necessary, as the deal still needs regulatory approval from the government.
Tengzhong entered into a definitive agreement in October last year to acquire GM's premium all-terrain sports-utility vehicle brand Hummer.
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