GM Hummer sale could be blocked by Chinese regulators

It has been reported recently that General Motor’s planned sale of their Hummer brand to a Chinese truck maker could be blocked, as a result of regulators who are yet to give their approval of the deal.

According to LATimes, the Chinese regulators are said to be questioning the deal as GM and Sichuan Tengzhong Heavy Industrial Machinery Co are yet to release any financial details about the deal.

Until GM give an indication of what the exact move entails, it’s clear that Chinese officials will remain reluctant about the move.

For more news on this story, click the link to LATimes for more info.