China’s Tengzhong is a little-known machinery maker in southwest China’s Sichuan province. They have  been buying GM’s Hummer for what, more than half a year now? Today they said that they and GM have agreed not to rush it and to push back the deadline for the closing  from January 31 to the end of February. Delaying it was a prudent move, because there still is no approval  from Chinese regulators. If they don’t have approval now, then they probably won’t have it by end of February either. Due to the Chinese Lunar New Year festivities, most of China will be closed for most of February, and the really important regulators will not be back from Spring vacation before March. (Read More…)