Page added on June 26, 2009
Gas-guzzling vehicles conflict with government’s conservation goals
BEIJING
Tengzhong said it has yet to reach a definitive agreement with GM, which the company said previously was required to make a formal request for government approval of the deal.
“Some people may have views and speculation but the Chinese government has a process that we respect,” said a company statement. “We do not yet have a definitive agreement, but are developing our proposals with GM and Hummer and we will continue to engage with the appropriate authorities in an appropriate manner.”
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