is offering retirement incentives to 22,000 of its 62,000 United Auto Workers union members as part of its turnaround plan, the
Wall Street Journal
The company would be pleased to see half of them take the offer, the
reports, citing a person familiar with GM's thinking. On Tuesday, GM said it would eliminate 10,000 white-collar jobs.
Meanwhile, GM has attracted interest in its Hummer brand of light trucks from a Chinese company and a private-equity firm,
reports, citing people familiar with the talks.
The pace of the Hummer negotiations has intensified in the past few weeks with more meetings scheduled this week, one person said,
"The Hummer review is progressing and an update is due by the end of the first quarter," GM spokeswoman Joanne Krell told
. She wouldn't comment on any bidders.
The actions by GM would move it closer to its goal of showing its future viability to the Treasury by a Feb. 17 deadline. If the U.S. automaker can't prove its ability to return to profit, it could be told to give up $13.4 billion of loans it has received or use the cash for a government-funded bankruptcy,
This article was written by a staff member of TheStreet.com.