Bummer for Hummer in China?

Children in Shanghai walk past a special edition Hummer SUV at an exhibition of luxury goods in 2006. (MARK RALSTON/AFP/Getty Images)

Despite a Chinese company's wish to buy the bankrupt General Motors' Hummer unit, Chinese regulators will likely deny the acquisition -- partly because the gas-guzzling SUVs do not conform to China's conservation goals.

The Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd. will lobby China's National Development and Reform Commission in the coming days in an attempt to prove that the construction machinery manufacturer, which has never produced automobiles before, can takeover the Hummer division.

The NDRC must approve the sale before the Chinese company can push for the purchase.

According to the Associated Press, Tengzhong has said it would invest in research to create more fuel-efficient Hummers and would keep Hummer's headquarters and manufacturing in the United States.