Tengzhong, GM agree to extend Hummer deadline

Sichuan Tengzhong Heavy Industrial Machinery Co said yesterday that it has agreed with General Motors to extend the deadline for its purchase of the Hummer brand by a month.

The Chinese firm said the extension was necessary, as the deal still needs regulatory approval from the government.

Tengzhong entered into a definitive agreement in October last year to acquire GM's premium all-terrain sports-utility vehicle brand Hummer.