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General Motors reportedly close to selling Hummer for $150 million

General Motors Co., working to cut its U.S. brand count in half as part of its restructuring, is trying to complete a deal to sell Hummer to China's Sichuan Tengzhong Heavy Industrial Machinery Co. for about $150 million, Bloomberg News reported Thursday.

Akio Toyoda named Toyota president amid global crisis

Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring a U.S. perspective to the automaker as it battles falling sales and an unprecedented financial crisis. Toyoda, 52, will succeed current President Katsuaki Watanabe in June, the company said Tuesday, ending weeks of speculation.

McLaren delivers first P1 supercar, announces performance figures

McLaren delivered its first P1 supercar on Monday, days after British TV show “Top Gear” was spotted testing the vehicle. The new UK-based owner picked up the Volcano yellow and carbon fiber P1 at the company's headquarters in Woking, England. McLaren also confirmed the insane specs we were all hoping for.