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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.

A CAR reader’s festival ride in the Jaguar XKR 75

CAR reader Archie Robertson, from Hertfordshire, won a money-can’t-buy prize at the 2010 Goodwood Festival of Speed thanks to CAR Magazine and Jaguar: an XFR super saloon for the weekend and VIP tickets to Goodwood including an unforgettable ride up the hill. Archie and his wife Judy spent Friday at the Festival of Speed with Jaguar hospitality thrown in. But the highlight of the day was a ride in the new Jaguar XKR 75, sitting alongside Jaguar’s chief chassis guru and driving legend Mike Cross, as he slithered and rocketed up Lord March’s front drive.

Cadillac ELR

Cadillac has revealed the ELR: a production version of the highly-acclaimed Converj concept revealed at the 2009 NAIAS in Detroit. The new luxury coupe will be equipped with extended-range electric vehicle technology – essentially a T-shaped lithium ion battery powering an electric drive unit mated to a a four-cylinder engine-generator, which propels the car when the battery's energy is low. "There's no mistaking it for anything but a Cadillac, an aggressive, forward-leaning profile and proportion showcases a uniquely shaped, modern vision of a personal luxury 2+2," said Ed Welburn, GM vice president, Global Design. Welburn also stated that the Converj concept sparked the idea of combining the desirability of a grand touring coupe with electrification.