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General Motors reportedly close to selling Hummer for $150 million
Fri, 09 Oct 2009General Motors Co., working to cut its U.S. brand count in half as part of its restructuring, is trying to complete a deal to sell Hummer to China's Sichuan Tengzhong Heavy Industrial Machinery Co. for about $150 million, Bloomberg News reported Thursday.
GAC Trumpchi GS5
Thu, 24 Nov 2011Guangzhou Auto Corp has released these images of the production Trumpchi GS5 SUV. Based on the Alfa Romeo 166 platform, and derived from the 2009 concept X-power, the production SUV was be unveiled at this year's Guangzhou motor show. The Trumpchi SUV mixes the aesthetics of the two-year old X-power and the new Trumpchi sedan.
Audi to buy Ducati – the four rings expands from four wheels
Mon, 12 Mar 2012Audi has struck an exclusive deal giving it first rights to buy Italian superbike manufacturer Ducati, CAR can reveal.The exclusivity deal gives Audi until mid April when the deal will likely be finalised, according to high-ranking sources contacted by CAR. Ducati's liabilities are around €200 million [earlier report said €800 million, this has been corrected], and our sources suggest the total purchase price is about €250m-€300m. This is a bold move by Audi, which sees the long-term advantage in moving into two wheels as well as four.