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GM begins clearance sale for Hummer

General Motors is shutting down the Hummer brand for good, taking the last of its four discarded U.S. brands off the market. GM had said it would consider offers to buy Hummer after a deal to sell the brand to Sichuan Tengzhong Heavy Industrial Machinery failed to receive Chinese government approval in February.

Vintage photos show Ford Mustang I and the elusive XD Cobra

It's hardly surprising that our readers want to share their memories of the Ford Mustang -- 50 years is a long time for an automotive nameplate to endure, and the model's upcoming 50th anniversary is as good excuse as any to look back on the experiences that have made the car an enthusiast hit. Take William Drew, who had a close encounter with pony car history when he saw the Mustang I concept, plus a rare Ghia-bodied Shelby Cobra concept, at an auto dealer in Dallas in 1970. His slides (taken with a Yashica camera, he notes) show the unusual cars in the nice, bright colors of Kodachrome.

Daimler takes 10 percent stake in EV maker Tesla

Daimler AG has acquired an equity stake of nearly 10 percent of California electric car maker Tesla Motors Inc., the German automaker said Tuesday. The two companies have been working together to integrate Tesla's lithium-ion battery packs and charging electronics into the first 1,000 units of Daimler's electric Smart car. Daimler said its stake in Tesla will allow the companies to collaborate even more closely on the development of battery systems, electric drive systems and in individual vehicle projects.