Sichuan Auto Not Interested in Buying Hummer
This is not the first time when speculations surrounding GM's SUV subsidiary occur as the American automaker announced last year it plans to sell the division as part of a broader campaign to cut costs and secure pre-approved government funds aimed at American operations restructuring.
"It's a complete rumor. We have never had discussions with GM, nor are we interested in Hummer," a representative of the Chinese company was quoted as saying by Autonews.
General Motors is now seeking buyers for both Hummer and Saab, but at this point there's no interested company that may acquire the two GM assets. GM has a deadline of February 17 to submit a viability plan to the United States government and demonstrate that it can restructure operations by the end of March.
According to the aforementioned source, Sichuan Auto currently has 1 billion yuan ($146.3 million) in assets, with approximately 1,000 employees. The annual production amounts to 30,000 passenger cars and 5,000 buses, Autonews added citing the official website of the company.
This isn't the first time when Hummer is brought into discussion and even if lots of reports claim that General Motors received offers for its SUV brand, nobody is actually interested in buying it. Saab has a prety similar fate, as parent company GM put it on the transfer list last December and, even if the Swedish government admits it is willing to help the company, nobody wants to purchase the brand. However, General Motors has to take a decision concerning the two brands as it has to present its viability plans to the US government.