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GM in talks over Hummer brand

February 12, 2009|From Times Wire Reports

General Motors Corp., working to sell assets to help keep $13.4 billion in U.S. loans, has drawn interest in its Hummer brand from a Chinese company and a private-equity firm, people familiar with the talks said.

The pace of negotiations has intensified in the last few weeks, said the people, who wouldn't name the suitors and asked not to be identified because the discussions are private. More meetings are scheduled this week, one person said.

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