GM chairman and CEO Rick Wagoner has said that there is 'significant interest' in the company's up-for-sale assets, including the Hummer brand.

Wagoner, on a visit to Thailand to announce increased investment there, added that any sales 'would not be concluded imminently'.

Industry sources have told just-auto that initial expressions of interest in Hummer have come from Russia and that Mahindra of India - also an SUV maker - is seen as likely to be attracted to Hummer after Tata recently acquired Jaguar and Land Rover.

Wagoner also said that GM plans to keep Saab in the GM family because that brand can be used to penetrate niche markets and is an important element in GM's European strategy.