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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.

Hong-ik University Degree Show 2007

Hong-ik University held its 9th Project Exhibition from October 28th to November 3rd in Seoul, Korea. Featuring works from the 2007 graduation show and junior, sophomore semester shows, graduating students presented their proposals of next generation luxury sedan for their favorite brands. "Works of past graduation shows at Hong-ik so far have been quite conceptual; however this year's graduating students were required to take on a more challenging theme: designing traditional luxury sedans," said Prof.

Ford burns through $5.5 billion in 4th quarter as losses mount

Ford Motor Co., the only U.S. automaker operating without federal loans, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted. Ford finished the year with cash reserves of $13.4 billion.