Bailout

Hummer: Too dirty even for the Chinese

By Felix Salmon

China is likely to block the acquisition of Hummer by Sichuan Tengzhong:

Hummer, as an expensive, gas-guzzling sports utility vehicle, would not fit in with the government’s policy of encouraging energy-efficient vehicles, the radio said.

Could this be the beginning of the end of China importing carbon emissions from the US?

Full post as published by Macroprudential on June 26, 2009 (boomark / email).