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Are Peugeot Citroen set to be bought out by GM?

Could GM take control of Peugeot Citroen? Last year we reported that Peugeot Citroen (PSA) and GM were forming a joint alliance to cut costs and develop new cars. But we questioned if the small savings of €2 billion a year from jointly developing new platforms and engines would do anything to stem the losses both companies were facing in Europe, and wondered if the only solution was a merger.

2010 Kia Forte: More goodies for a lower price

The new Forte replaces the Kia Spectra compact sedan for 2010. Kia's biggest seller gets new skin and a wider, longer version of the Hyundai Elantra platform for the 2010 model year but falls short in simple things such as the workings of shifters and clutches. Still, it's only $14,390 to start, and that includes Bluetooth, an iPod jack and three months of Sirius satellite radio.

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?