Chinese Hummer still too dangerous to the environment

As Democrats in Washington scramble to find enough votes for their cap-and-trade bill, China may be making some gestures towards dealing with climate change and pollution. One step is preventing last month’s acquisition of Hummer by a Chinese company: A Chinese firm’s bid to buy the gas-guzzling Hummer car brand will be blocked on environmental ...

584365_090626_hummer5.jpg
584365_090626_hummer5.jpg

As Democrats in Washington scramble to find enough votes for their cap-and-trade bill, China may be making some gestures towards dealing with climate change and pollution. One step is preventing last month’s acquisition of Hummer by a Chinese company:

A Chinese firm’s bid to buy the gas-guzzling Hummer car brand will be blocked on environmental grounds, according to Chinese state radio.

Sichuan Tengzhong Heavy Industrial Machinery emerged as the surprise buyer for the brand earlier this year.

But China National Radio said Hummer is at odds with the country’s planning agency’s attempts to decrease pollution from Chinese manufacturers.

The acquisition from General Motors would need Chinese regulatory approval.

The value of the bid was not disclosed at the time, but analysts say that GM would have made about $100m (£61m) from the sale.

National Development and Reform Commission will also block Sichuan Tengzhong from buying Hummer because the Chinese construction equipment maker lacks expertise in car production, state radio added.

Another interesting fact from the article: Hummer is known as “Han Ma,” or “Bold Horse” in China.

Scott Olson/Getty Images

James Downie is an editorial researcher at FP.
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