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Sources: GM in talks with two potential buyers of Hummer
Thu, 12 Feb 2009General 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.
Lotus CEO Mike Kimberley to step down on Friday, citing health issues
Wed, 15 Jul 2009Lotus CEO Mike Kimberley is stepping down on Friday, as back problems are forcing him to prematurely call it a career. Kimberley will turn 71 in August. He's in his second stint at Lotus and has been CEO since 2006.
Brake issue prompts recall of BMW and Rolls-Royce vehicles
Thu, 30 Sep 2010BMW is recalling about 198,000 cars with V8 and V12 engines to fix a problem with the brake system. The automaker said a potential leak in the brake system could cause a loss of vacuum, which would reduce the power braking assistance. BMW said the mechanical brakes will stop the vehicle even if there is a vacuum leak.