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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?

Daimler, Renault are set to share vehicle platforms and engines

Following a year of intensive high-level talks and secretive, behind the scenes strategy meetings, Daimler AG and Renault SA have agreed on plans that will see their car-making divisions--Mercedes-Benz, Smart, Renault and Nissan--share resources on a wide range of products. The move signals more consolidation within the European automotive industry. Daimler chairman Dieter Zetsche and Renault president Carlos Ghosn have set out three primary areas of cooperation that will see the carmakers share small-car and light-commercial-vehicle platforms, small gasoline and diesel engines, and electric drive systems.

Jeep Cherokee now on sale – UK Jeep sales set to double

The new Jeep Cherokee (above) is now on sale in the UK Jeep may have the sort of SUV, off-road credibility as Land Rover, but they’ve failed miserably to make the most of that in recent years, particularly on this side of the Pond. But things are changing for Jeep, and the arrival of the new Jeep Cherokee – with it’s contentious, but individual, looks – promises to give Jeep a real shot in the arm in its quest to rebuild sales in the UK. With a choice of two diesel engines – 140 hp and 170 hp versions of the 2.0 litre diesel – a choice of four trim levels - Longitude, Longitude+, Limited and Trailhawk – and a 3.2 litre petrol engine for the hardcore Trailhawk version (available from the end of 2014), Jeep has a strong offering.