مصر موتورز مجتمع السيارات - Recork the Champagne? China says Hummer paperwork not submitted yet

<p>Filed under: <a href="http://www.autoblog.com/category/suvs/" rel="tag">SUV</a>, <a href="http://www.autoblog.com/category/china/" rel="tag">China</a>, <a href="http://www.autoblog.com/category/government-legal/" rel="tag">Government/Legal</a>, <a href="http://www.autoblog.com/category/gm/" rel="tag">GM</a>, <a href="http://www.autoblog.com/category/hummer/" rel="tag">Hummer</a></p><a href="http://www.autoblog.com/gallery/detroit-2008-hummer-hx-in-the-design-studio/"><img vspace="4" hspace="4" border="1" alt="" src="http://www.blogcdn.com/www.autoblog.com/media/2009/10/hummerhxconcept---630.jpg" /></a><br />
<div style="text-align: center;"><em><strong><sma ll>2008 Hummer HX concept - Click above for high-res gallery</small></strong></em></div>
<br /> Last week, it was reported that General Motors had signed a definitive agreement to sell Hummer to Chinese machinery manufacturer Tengzhong. The Chinese company and its partner in the deal, Lumena Resources Corp., would pay $150 million and receive Hummer and its intellectual property, ownership of U.S. franchise agreements, and manufacturing, business, and component assistance during a four- or five-year transition period.<br /> <br /> The questions being raised now concern what is happening on the other side of the Pacific. The Chinese Commerce Ministry reportedly hasn't received Tengzhong's application to officially bring Hummer home, which has led observers to wonder if there will be a holdup or reversal of the deal. According to a Hummer representative, however, Tengzhong had to finalize the deal with GM before it could present it for approval to the Chinese authorities:<br />
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<meta content="Microsoft Word 12" name="Originator" /><style type="text/css"> <!</style><span style="font-size: 10pt;" arial="" sans-serif=""><br /> </span><blockquote><span style="font-size: 10pt;" arial="" sans-serif=""><em>The closing of the transaction is subject to customary closing conditions and regulatory approvals and/or review by agencies in China and the U.S. Tengzhong has started communicating with the relevant regulatory bodies and will continue to support the application process in accordance with the requirements. Formal engagement was only able to begin with the signing of the definitive agreement.</em> </span><br /><span style="font-size: 10pt;" arial="" sans-serif=""></span></blockquote><span style="font-size: 10pt;" arial="" sans-serif=""> </span> <span style="font-size: 10pt;" arial="" sans-serif="">If all goes well, Tengzhong hopes to <a href="http://www.autonews.com/article/20091012/ANA02/910129997/1263">have the deal closed by early 2010</a>.<br /> </span><br /><br /><div class="postgallery"><p><s trong>Gallery: <a href="http://www.autoblog.com/photos/detroit-2008-hummer-hx-in-the-design-studio/low/">Detroit 2008: HUMMER HX in the design studio</a></strong></p><a href="http://www.autoblog.com/photos/detroit-2008-hummer-hx-in-the-design-studio/low/"><img src="http://www.blogcdn.com/www.autoblog.com/media/2008/01/hummerhx---1_thumbnail.jpg" alt="" title="" /></a><a href="http://www.autoblog.com/photos/detroit-2008-hummer-hx-in-the-design-studio/low/"><img src="http://www.blogcdn.com/www.autoblog.com/media/2008/01/hummer-hx-studio-1280--1_thumbnail.jpg" alt="" title="" /></a><a href="http://www.autoblog.com/photos/detroit-2008-hummer-hx-in-the-design-studio/low/"><img src="http://www.blogcdn.com/www.autoblog.com/media/2008/01/hummerhx---10_thumbnail.jpg" alt="" title="" /></a><a href="http://www.autoblog.com/photos/detroit-2008-hummer-hx-in-the-design-studio/low/"><img src="http://www.blogcdn.com/www.autoblog.com/media/2008/01/hummer-hx-studio-1280--10_thumbnail.jpg" alt="" title="" /></a><a href="http://www.autoblog.com/photos/detroit-2008-hummer-hx-in-the-design-studio/low/"><img src="http://www.blogcdn.com/www.autoblog.com/media/2008/01/hummerhx---11_thumbnail.jpg" alt="" title="" /></a></div><br /><span style="font-size: 10pt;" arial="" sans-serif=""> [Source: <a href="http://www.autonews.com/apps/pbcs.dll/article?AID=/20091010/ANA02/910109996/1263&AssignSessionID=1733 69243773144">Automotive News</a>, sub. req'd.]<br /> <br /> </span><p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2009/10/12/recork-the-champagne-china-says-hummer-paperwork-not-submitted/">Recork the Champagne? China says Hummer paperwork not submitted yet</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Mon, 12 Oct 2009 16:29:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.autonews.com/apps/pbcs.dll/article?AID=/20091010/ANA02/910109996/1263&AssignSessionID=1733 69243773144>Read</a> | <a href="http://www.autoblog.com/2009/10/12/recork-the-champagne-china-says-hummer-paperwork-not-submitted/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.autoblog.com/forward/19192920/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.autoblog.com/2009/10/12/recork-the-champagne-china-says-hummer-paperwork-not-submitted/#comments" title="View reader comments on this entry">Comments</a>

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