U.S. sales slump, said it started distributing financial information to potential buyers of its Hummer sport utility vehicle unit.
The automaker “has had interest from a few parties,” said Detroit-based GM, in an interview Friday. She declined to name them. GM hasn’t set a date for a possible sale of Hummer and still is considering other options for the division, Ms. Krell said, without giving details.
Selling Hummer would help GM toward its goal of increasing liquidity by $15 billion by the end of 2009 through actions including asset sales. Hummer’s U.S. sales this year through September declined 47 percent, more than double GM’s 18 percent drop, as high gasoline prices curbed SUV demand.
GM hired James Taylor to the newly created job of Hummer chief executive officer to help with the unit’s transition.
Hummer sales peaked in 2006 at 71,524 vehicles, before dropping 22 percent last year, according to N.J.
GM rose 3 cents to $6.43 in New York Stock Exchange composite trading. The shares have declined 74 percent this year.
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