Bidders interested in buying Hummer

General Motors Corp. is steering closer to a deal for its Hummer brand. The company has apparently heard from some interested bidders, CEO Rick Wagoner told Reuters. Unfortunately, Wagoner kept the names close to his vest.

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GM has hired Citigroup Inc. to help it review options for Hummer, which has fallen out of favor as a result of soaring gas prices. The maker of large military-inspired sports-utility vehicles is expected to be sold as part of the Detroit-based automaker's broader plan to restructure its operations, which includes plans to cut $10 billion in costs. - Maria Woehr

See Dealscape: GM hires Citi to assist in Hummer review
See TheDeal.com: Gas price woes doom 4 GM plants

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