GM hired Citigroup Inc. in June to conduct a review of the brand, which has seen sales evaporate as U.S. customers flock to smaller cars due to sky-high gas prices. The automaker according to Reuters hopes to raise upwards of $4 billion in asset sales, and as part of its review has hired consultants and bankers to explore whether any of its assets might be of interest to Chinese buyers.
The Mahindra report comes as no surprise, as Indian media sources have listed it as a potential buyer since GM made the auction public. The company lost out to domestic rival Tata Motors Ltd. for Jaguar and Land Rover, which were sold by Ford Motor Co. earlier this year. Both Indian companies are eager to extend their reach into Western markets. - Lou Whiteman
See Reuters report listing bidders for Hummer
See TheDeal.com story on GM putting Hummer on the block
See earlier Dealscape post on Mahindra's interest in Hummer
General Motors Corp. is 
