hummer

General Motors Corp. (GMGMQ), the bankrupt U.S. automaker that is jettisoning brands as it reorganizes, has unloaded Saab, the Swedish car company that tried for years to make inroads into the American market. According too Reuters, Swedish television is reporting that Swedish luxury carmaker,...

Having abandoned my love affair with cars several years ago in favor of a rekindled flame with bicycles, I often find the public support of cars painful. My personal "sacrifice" (I think of it more as a liberation) seems meaningless while my tax dollars are going to support the continued...

General Motors Corp. (GMGMQ) is turning into corporate America's answer to the late comedian Rodney Dangerfield: it "can't get no respect." Every time North America's top automaker takes a step forward, it takes another one or two backward. Now comes word from China that experts have raised...

China has a track record of failure when it comes to investing in iconic U.S. brands. Back in May 2007, China's State Investment Company got a $3 billion stake in Blackstone Group (BX) ,which at the time was the preeminent private equity firm, at 95.5 percent of its $31 a share IPO price. Since...

A day after filing for bankruptcy protection, General Motors has announced a preliminary deal to sell its Hummer brand that is expected to save more than 3,000 U.S. jobs. After several hours of mystery concerning who might buy the iconic brand, GM confirmed late Tuesday that it is in advanced talks...

On Wednesday, insiders reported that Hummer, the ailing General Motors (GM) marque, was being bid on by three separate groups. The potential owners, one of which is based in the United States, would take control of the brand, although GM would continue to produce the actual vehicles. How quickly...

Amid a seemingly endless stream of bad news, there may be a glimmer of hope for the American auto industry. According to an article in this morning's USA Today, Iraq's recent increase in stability has translated into a new and thriving auto market, and the car of choice is the SUV. For prosperous...

It's safe to say that 2009 is a year that will go down in the history books. A year of change. A year of challenge. And if you're one of the few car buyers out there, you may not be surprised to hear that a few well-known brands and makes will cease to exist in 2009.Desperate car-makers are...

Some politicians seem to have such a dense understanding of what's going on around them, it's a wonder they were elected. Exhibit A: the mayor of Gary, Indiana, who is driving a government-purchased, gas-guzzling Hummer, despite the fact that his city is operating with a $36 million deficit....

The first problem with the Prius is that it isn't just a car. When the engineers at Toyota began working on a hybrid, their course was probably very clear: they wanted to make a relatively inexpensive, moderately attractive piece of machinery that would go reasonably fast while sipping gas as...