Felix Salmon
pestering preening potentates
Hummer: Too dirty even for the Chinese
China is likely to block the acquisition of Hummer by Sichuan Tengzhong:
Hummer, as an expensive, gas-guzzling sports utility vehicle, would not fit in with the government’s policy of encouraging energy-efficient vehicles, the radio said.
Could this be the beginning of the end of China importing carbon emissions from the US?
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The Chinese should give themselves an opportunity to try this American hot rod, before modifying it to become the world’s most environmental-friendly SUV. Never take something at face value, trust your innovative wisdom.
Thought for the day – Let the Hummer die. It never was any good (typical American made vehicle), overpriced, and plagued with reliability problems. I can only imagine what goes through the minds of those who actually buy one!
I find it fairly implausible that a sound Chinese government would give up this sort of opportunity. This would be the very FIRST live, non-dead auto company that would have acquired overseas.
Reading the article, the concern rather seems to be that the buyer does not have the requisite management experience. That can be amended by forcing it to merge with a bigger auto company.