Saturday, June 06, 2009

U.S. expert questions Tengzhong's plan to buy Hummer

Blog Author Richard Wottrich interviewed by China Daily

by Jing Zhao Cesarone

CHICAGO, June 5 (Xinhua) -- General Motor's Hummer is considered as an exaggerated and extreme example of a disregard for the environment and there are significant brand negatives for the Chinese company Tengzhong to buy it, a U.S. financial expert said Friday.

In an interview with Xinhua, Richard L. Wottrich, managing director of International at Dresner Partners, an investment banking firm based in Chicago, said, "The vehicle is too big, uses too much gas, and is viewed as a toy for the rich. These are rather significant brand negatives for the Chinese company Tengzhong to consider."

Source - China Daily (Xinhua) - http://news.xinhuanet.com/english/2009-06/06/content_11497516.htm

2 comments:

Anonymous said...

Why is the Chinese government interferring in the Hummer deal?

Richard Wottrich said...

Why is the US government interferring in GM?