Chinese engine maker Weichai refuted earlier reports by asserting that it had no interest in acquiring GM’s auto parts unit in France, Reuters reported. GM announced last August that it intended to sell its Strasbourg plant as part of an effort to finance its multi-billion dollar debt. The company suggested there may be some interest from potential Asian buyers. French media on Wednesday put forward Weichai as a potential buyer, prompting the Chinese company’s denial. GM is also looking to sell off its Hummer SUV line and the Swedish brand Saab, but have yet to find any buyers. The company has said it will run out of cash in March without federal funding. It has asked the US government for US$16.4 billion in additional loans.
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