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Have rangrang nearly nine months later, a sensation of soar in heavy buyout failed Hummer. United States General Motors 24 in Detroit Headquarters said and heavy industry in China's Sichuan goldtel Group's acquisition of transactions cannot be mutually agreed period for China's approval of the relevant regulatory body, the generic company has start off HUMMER operations. Generic company promises, will continue to sell Hummer car service and guarantees.

Vacate in heavy industry, said yesterday that they have ceased to promote the exchange of relevant action, and terminate the definitive agreement signed. Unable to complete the acquisition of Hummer dealer, soar in heavy industry, said that "respect for this outcome, but regret. ”

Has been questioned is the hype

Since the acquisition of Hummer announced in Wuerttemberg, think speculation of sound never stop. "No approved just soar in looking for excuses, I think this is just a speculation. "Automotive circulation and Secretary Luo Lei said that the Government has been encouraging the domestic enterprises, multinational learning advanced technology and management experience, the Department of Commerce has no reason to domestic enterprises set up obstacles. From free and general terms of the end before signing, the acquisition only brands, trademarks and trade names are the property of, did not address the equity trading, and preliminary agreement declared strategic acquisitions.

Teng expressed regret in

Yesterday morning, General Motors suddenly announced that Sichuan goldtel group in heavy industry failed to complete the acquisition of the Hummer, this acquisition transaction to fail. Vacate in heavy industry, said that as the two sides agreed period of time failed to get the Chinese regulators approved the Hummer dealer, soar in heavy industry and general consultation, terminated the signing of a definitive agreement. "Free in respect for this outcome, but unable to complete this transaction regret. "Soar in heavy industry, said the company on the acquisition into a huge effort, according to the plan, Teng and investors will be launched for Hummer, environment-friendly sports car to meet the existing needs of the market, attract, including China, emerging markets.

HUMMER on the end

Vacate in heavy industry "buy horse" failed, Hummer's fate. General aspects, will begin an orderly termination of Hummer's production and operation, but will continue to meet the guarantee of existing Hummer, continue to the Hummer owners worldwide to provide their service.

Hummer car sales in the last two years of decline. According to the information provided by Reuters, Hummer 2007 in the United States nearly 5.6 million units sold, but this figure last year to over 9000. Since mid-January of this year, General Motors is located in the United States Louisiana Shreve Potter no longer has a new factory of Hummer line. At this stage, the entire us Hummer dealer inventory for approximately 2500 vehicles only.

Department of Commerce: never received merger applications

For common aspects of "inability in the proposed transaction time Chinese regulatory authorities, the transaction cannot be completed", the Commerce Department spokesman Yao Jian in Department of Commerce in response to a routine press conference, "Department of Commerce has so far not received soar in heavy industry submitted a formal application for merger Hummer. "" We have to contact in Sichuan province, including the Department of Commerce, in the Sichuan goldtel group company's deyang and soar in the company of their programmes were assessed and rationalization proposals. "Yao kin indicated that, in accordance with the procedures, Teng in DRC and the Department of Commerce shall be declared, but up to now, the Department of Commerce does not see a reasonable package, you do not receive a formal declaration. In enterprise decision-making behavior did not complete, not to the Government approved the acquisition.

Yao Jian said that the Chinese Government's overall policy and global trend is the same, will further encourage the sustainable development of economic models to encourage green economy.

Morning reporter Yang first Wu