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Russia's richest man, Oleg Deripaska, has held talks with General Motors about buying Hummer, the brand of gas-guzzling cars modelled on the US army's heavily armoured Humvee combat vehicles.
The billionaire oligarch has had "exploratory" contact with GM although any deal is some way of, sources close to the negotiations told Reuters.
Hummer's future has been in the balance since early June when GM announced a strategic review of the business and called in Citigroup to advise on financial options. Sales of the vehicles have plummeted by 40% in the US this year.
Deripaska, who is worth an estimated $28bn, made his fortune in aluminium but recently delved into the motor industry by purchasing a stake in Canadian car parts manufacturer Magna International. He is thought to be keen on getting Magna involved in making Hummers.