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GM contacts previous bidders in China for sale of Hummer assets

General Motors has approached previous bidders for its Hummer unit after a deal to sell the brand to an obscure Chinese firm collapsed, a source with knowledge of the matter said on 26 February.

At least four Chinese companies were among the firms GM contacted to gauge their interest in recent days, the source said, declining to give specific names.

Analysts said any Chinese bidder is unlikely to try to take over all of Hummer after the failed Tengzhong bid, but added they could potentially try to buy some of Hummer’s assets. The deal might make sense for Chinese companies eager to gain world-class technology to make their products more competitive on the global stage.

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