Hummer race down to final three

Three bidders remain for General Motors Corp's Hummer brand, two sources with knowledge of the matter said, adding that current offers range from $100 million to $200 million in cash, in addition to other commitments.

None of the bidders is an automaker. One bidder is from the United States and the other two are from overseas, the sources said, adding that the bidders include private equity firms and wealthy individuals. The sources declined to be identified because the details of the auction are not public.

Under the terms being discussed for the Hummer sale, a buyer would take over GM's liabilities for its 125 US Hummer dealers and commit to further investments in areas such as engineering, marketing and sales, the sources said.