Hummer bid hurdles still remain, experts say

Sichuan Tengzhong Heavy Industrial Machinery may still have to overcome many hurdles to win regulatory approval for its controversial acquisition bid for the Hummer brand even after a crucial ministry signaled no rejection.

Tengzhong's bid for the now bankrupt US car giant General Motor's Hummer brand is "rational and normal" given the current global financial crisis, Yao Jian, a spokesman for the Ministry of Commerce, told reporters yesterday.

Yao said his ministry, a key government body that has a say in the approval of Tengzhong's bid, had not yet received any application from relevant parties.