August 18, 2008 - 12:01 am ET
Sure, a Hummer might be perfect for banging through the frozen tundra or soaking up some excess petrodollars. But a Russian auto company says the brand isn't going to that country.
Vedomosti, a Moscow business publication, reports that Oleg Deripaska, the billionaire owner of Russian Machines, is angling to buy Hummer from General Motors.
Nyet, says spokesman Igor Vagan. "On the situation with Hummer brand, we can say the following: Russian Machines neither received any proposals to consider acquisition of the Hummer assets nor is strategically interested in such a deal," Vagan said in an e-mail last week to Automotive News.
Russian Machines is the parent company of GAZ, one of Russia's oldest automakers.
GM CEO Rick Wagoner said recently that the company is getting plenty of inquiries about Hummer. GM wants to sell or rethink Hummer, whose sales have collapsed because of high fuel costs.