MOSCOW Aug 14 Russian billionaire Oleg
Deripaska's car unit, Russian Machines, denied on Thursday it
was seeking to buy the Hummer brand from General Motors Corp
"Russian Machines neither received any proposals to consider
acquisition of the Hummer assets, nor is strategically
interested in such a deal," said Russian Machines.
Sources told Reuters overnight General Motors had had
preliminary contact with Deripaska on a possible sale of Hummer,
but the talks were only exploratory as Hummer is not officially
on auction yet.
One of the sources said Deripaska would like to get Canadian
auto parts giant Magna International MGa.TO involved in Hummer
production if he ended up buying the brand.
GM, which has lost more than $51 billion over three years
and is aiming to raise up to $4 billion through asset sales, has
hired Citibank to consider options for the gas-guzzling Hummer.
GM also held exploratory talks on Hummer with Mahindra &
Mahindra Ltd (MAHM.BO), but the Indian automaker plans to launch
a truck and an SUV of its own in the U.S. market, sources told
Reuters in July.
(Reporting by Dmitry Zhdannikov, editing by Will Waterman)