Tengzhong loses Hummer

Plenty of lessons for foreign companies

9 minute readMarch 11, 2010 at 11:58 PM

clpstaff

& clp articles

Chinese equipment manufacturer Sichuan Tengzhong has finally failed in its bid to buy Hummer, General Motors' sports utility vehicle brand. Although there has been talk of the company using an offshore structure to avoid regulatory interference, specialists say this idea is fundamentally flawed.

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