MGM's new Red Dawn is a remake of the 1984 film, with Chinese and Russian soldiers standing in for the original Soviet and Cuban villains. Critics on both sides of the Pacific are already attacking it well ahead of its November release.
General Motors is shutting down Hummer after its bid to sell the military-style SUV brand to a Chinese company collapsed. Heavy-equipment maker Sichuan Tengzhong Heavy Industrial Machines pulled out because it was unable to get clearance from Chinese regulators within the proposed deal timeframe.
GM finalizes its sale of Sweden's Saab to Dutch luxury carmaker Spyker. But GM's planned sale of its Hummer division to China's Tengzhong may be running out of time.
Once icons of American industrial might, GM and Chrysler have cut jobs, closed plants, eliminated models and shed storied brands. Racing to turn their businesses around, both companies still have a long way to go to convince consumers their products are worthy of consideration.