The National Development and Reform Commission is reported to be on the verge of rejecting Sichuan Tengzhong Heavy Industrial Machinery's bid to buy the Hummer brand from bankrupt General Motors Corp. The country's top economic planner is expected to veto the deal on the grounds that Tengzhong has no experience in making such vehicles. Also, Hummer's expensive gas-guzzlers do not fit in with the mainland's push for a low-emission car industry, according to a national radio report. A Tengzhong spokesman refused to be drawn on the report yesterday. 'Some people may have views and speculation but the government has a process that we respect,' he said. 'We do not yet have a definitive agreement but are developing our proposals with GM and Hummer and we will continue to engage with the appropriate authorities in an appropriate manner.' The move by privately owned Tengzhong to acquire the rights to Hummer has raised eyebrows since the tentative deal was announced this month. It drew criticism from state media, such as Xinhua, the People's Daily and the China Daily, which said it flew in the face of Beijing's intention to build an environment-friendly car industry. Overseas acquisitions by state-owned and private companies have to get approval from several government departments, including the NDRC, the Ministry of Commerce and the State Administration of Foreign Exchange. When Tengzhong and Hummer made their joint announcement, they said they expected to close the deal by the third quarter. However, a report in the Shanghai Securities News said Tengzhong had not submitted an application for an overseas acquisition before announcing the deal and that it had already been verbally rejected by the government. Tengzhong chief executive Yang Yi (left) said the company had formed a team to manage the deal and was preparing an application to the NDRC and the Ministry of Commerce. To further regulate overseas acquisitions by mainland firms, the NDRC issued an order last Friday requiring companies to report intended overseas deals to Beijing before signing any legally binding contracts. Ministry of Commerce spokesman Yao Jian said earlier that no application had been received, but added that it was rational and normal for mainland companies to adopt an international outlook.