INTERVIEW-GM sees no snag in closing Hummer deal

*GM CFO says no problem expected in closing Hummer deal

*New GM expected to have cash balance in excess of $10 bln

*GM has some 'wiggle room' as it cuts up to 3,600 dealers

By Kevin Krolicki

DETROIT, June 3 (Reuters) - General Motors Corp GMGMQ.PK does not expect U.S. regulatory scrutiny to hold up its tentative agreement to sell Hummer to a Chinese machinery maker, GM Chief Financial Officer Ray Young said on Wednesday.

GM also expects the reorganized company that will be created from its fast-track bankruptcy process to emerge with more than $10 billion in liquidity, a projection that the U.S. Treasury has endorsed, Young told Reuters TV in an interview.

"When the new General Motors emerges we expect to have very healthy cash balances, well in excess of our mininum requirement of $10 billion," Young said.

Under its reorganization plan, the U.S. government will have a 60.8-percent stake in the new GM. The government will provide $50 billion in total financing to GM and $33 billion in bankruptcy financing.