GM Reportedly Mulling Two Hummer Offers

DETROIT (

TheStreet

) --

General Motors

is mulling two long-shot offers for Hummer after a deal to sell the line to China's

Sichuan Tengzhong Heavy Industrial Machinery

collapsed this week, the

Wall Street Journal

reports.

The two offers previously were turned down by GM in favor of a deal with Tengzhong, a source familiar with the matter told the

Journal

. The newspaper didn't name the bidders.

General Motors is giving the bidders a fresh look after

Tengzhong failed to win approval

from Chinese regulators for its bid, the source said. GM is willing to consider even a long-shot deal if it comes with adequate financing, the person added.

Tengzhong had planned to pay $150 million for the Hummer brand, the

Journal

says.

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