sichuan tengzhong
June 2nd, 2009
Nationalism in Washington won't stop GM's sale of Hummer to Chinese industrial concern Sichuan Tengzhong, but patriotic fervor could limit sales. Sichuan Tengzhong is known in China for making a wide range of road equipment, from bridge piers to highway construction and maintenance machinery. But even before the Hummer deal, the company has been moving more into heavy-duty trucks Sichuan Tengzhong is a privately owned company, but Tuesday's deal for Hummer required preliminary vetting by Beijing officials, who retain the right to veto any effort at an overseas acquisition by a Chinese company and who give