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Detroit will be back, Schwarzenegger tells SAE conference

Borrowing his most famous movie line, California Gov. Arnold Schwarzenegger stepped into the heart of the domestic car industry today, declaring that the Detroit automakers will recover from the economic crisis. "Yes, they're wiped out.

Ford Iosis X concept

With an abundance of small SUVs entering the European market, Ford has been conspicuously absent from this segment, something that the Iosis X will hope to quell. Using the same 'kinetic design' theme as the Iosis concept from last year, the Iosis X puts a coupe-like window graphic and roofline upon thick sills, similar in this respect to the Opel Antara concept. But while Opel will have their model on the road imminently, those wanting the Ford equivalent will have to wait until early 2008 for the forms to be toned down and put in showrooms.

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.