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General Motors reportedly close to selling Hummer for $150 million

General 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.

BMW Concept X5 eDrive (2013) plug-in hybrid at Frankfurt motor show

Sharing the stage with the BMW i3 at the Frankfurt motor show is the BMW Concept X5 eDrive. The plug-in hybrid X5 is set to re-write the SUV rulebook with its four-cylinder petrol-electric drivetrain producing claimed figures of less than 90g/km of CO2 and a tree-hugging 74.3mpg, smashing the Lexus RX450h which produces 145g/km and 44.8mpg. What’s more, it’s better than the most efficient 3-series currently on sale, and far more frugal than the V8-powered BMW X6 Active Hybrid that was axed in late 2011.

Mazda Ryuga concept

Mazda North America has released a sketch of its Mazda Ryuga concept to be shown at the Detroit Auto Show in January. The Mazda Ryuga builds on Mazda's design language 'flow,' most recently seen in the Nagare concept shown at the Los Angeles Auto Show. Ryuga is Japanese for "gracious flow," and makes use of 'rich fabrics, engineered fits and hidden details,' according to Mazda.