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Sources: GM in talks with two potential buyers of Hummer

General 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.

Renault Twin’Z Concept previews 2014 Renault Twingo

The Renault Twin’Z Concept, designed by British designer Ross Lovegrove, is an electric city car previewing the 2014 Renault Twingo. The Renault Twin’Z Concept is a small, just 3623mm long, urban runaround with a small electric motor good for 67bhp and 167lb/ft of torque  and weighing in at 980kg, complete with a fairly sophisticated double wishbone suspension and relatively long wheelbase with a wheel at each corner stance. The Twin’Z is very much a concept car - designed by British designer Ross Lovegrove – and comes complete with the usual concept fripperies like electric suicide doors, cameras instead of rear view mirrors, sweeping LED lights, a solid crystal rear spoiler and big, complicated alloys.

GM agrees to sell Saab to supercar company Koenigsegg

General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive. The deal would close by the end of the third quarter and put Saab in the hands of an upstart, boutique car company known for producing eye-catching cars with gaudy horsepower ratings and even gaudier price tags. The agreement includes $600 million in financing from the European Investment Bank.