General Motors CEO Rick Wagoner announced just last month that the automaker was planning on selling $4-7 billion worth of assets in order to buoy the company through the current U.S. downturn, and it doesn’t like GM will have too hard of a time reaching that goal.
“Frankly, we are getting some significant interest in our asset sales, including Hummer, but probably it won’t be concluded imminently,” Wagoner told Automotive News. GM has reportedly been in talks with India’s Mahindra & Mahindara about the possible sale of Hummer, as well as automakers from Russia and China.
However, outside of Hummer, it remains unclear exactly what assets GM has earmarked for sale.
