Automakers see year-to-year sales drop, but gains over April, as incentives outweigh Ch.11DETROIT — U.S. sales of cars and light trucks rose 13 percent in May when compared with April, even as two of the nation’s automakers grappled with reorganizations. GM to sell Hummer to Chinese manufacturer amid efforts to exit bankruptcy quicklyDETROIT — General Motors Corp. took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands. China-based Sichuan Tengzhong announces plans to acquire Hummer brand, preserve 3,000 jobsDETROIT — China’s Sichuan Tengzhong Heavy Industrial Machinery says it plans to buy General Motors’ Hummer brand for an undisclosed sum. Chrysler’s May sales fall 47 pct.; GM, Ford post smaller declines as carmakers see improvementDETROIT — Chrysler LLC’s U.S. sales fell 47 percent in May, but the company says being under bankruptcy protection did little to deter customers from purchasing its vehicles. GM says it has 16 potential buyers for Saturn brand as automaker refocuses on promising assetsDETROIT — General Motors Corp. says it has 16 buyers interested in purchasing its Saturn brand, while three parties are interested in the Swedish Saab brand. General Motors moves up sale of Saturn brand by 2 years to end of 2009DETROIT — General Motors Corp.’s Saturn brand will either be sold or phased out by the end of this year, nearly two years faster than previously announced, the brand’s top executive said Tuesday. |
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