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Hummer sale agreed

GM has a Memorandum of Understanding in place to sell Hummer to a 'Mystery' buyer GM are reporting that they have reached a ‘Memorandum of Understanding’  with an unnamed buyer to take Hummer of their hands later in the year. MOUs are not the strongest tool in the arsenal when a sale is being arranged, which tends to indicate that either the buyer likes the idea but won’t commit yet, or they are still in ‘Fund-Raising’ mode. So who are the likely buyers?

Volkswagen e-Golf: MK 7 Golf EV leaks ahead of Geneva debut

An electric version of the MK 7 Volkswagen Golf – the VW e-Golf – has leaked out ahead of a debut at the 2013 Geneva Motor Show. Even though car industry bosses are sure that battery electric cars have no realistic chance of becoming a mainstream option – and the best-selling EV, the Nissan LEAF, has only sold 50k since 2010 – VW are rolling out an electric Golf at next month’s Geneva Motor Show. The VW e-Golf – with pretty much the same underpinnings as the new Mk 7 Golf with an ICE engine – comes with an electric motor driving the front wheels and offering 115bhp and 199lb/ft of torque, enough to get the e-Golf to 62mph in 11.8 seconds and on to a top speed of just 84mph.

News watch June 2011: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourThursday 30 June 2011• Toyota is planning a massive media campaign in the US to promote its new Camry saloon, due in autumn 2011. At a dealer meeting in Las Vegas, Toyota executives announced the media campaign, set to commence in October, to position Toyota and the new Camry as 'smart, safe and worry-free'.