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Sources: GM in talks with two potential buyers of Hummer

General Motors is in talks with two potential buyers of its Hummer brand as the automaker continues to sell assets to raise cash, said two sources familiar with the matter. The negotiations are with a private-equity firm and a Chinese company, said the sources, who declined to be named. The sources declined to name the potential buyers because the effort is private.

Battery breakthrough set to accelerate electric-car development

A team of scientists working at the Massachusetts Institute of Technology are claiming a significant breakthrough in recharging times for lithium-ion batteries. According to findings published in the scientific journal Nature, MIT researchers Byoungwoo Kang and Gerbrand Ceder have unlocked the potential of lithium-ion batteries by patenting a unique process which is claimed to allow a typical laptop power pack to be fully recharged in less than a minute--an improvement in recharging performance of roughly 90 percent over existing lithium-ion batteries. Lithium-ion batteries generate electric current via the flow of lithium ions across an electrolyte, from an electrode to a cathode.

Mitsubishi set to unveil three concepts in Tokyo

Mitsubishi is planning the world debut of three concept cars at the 43rd Tokyo Motor Show 2013. The Mitsubishi Concept GC-PHEV is the first of three concepts and will be a full-size SUV powered by a PHEV (plug-in hybrid electric vehicle) system. The GC-PHEV will offer preventative safety technology and driver support technology in addition to wireless connectivity.