Late last month we told you that GM was in talks with Tengzhong to finally sell off the dying HUMMER brand. Well, today, reports have surfaced that say the deal is officially going down for $150 million.

This wad of cash will net Tengzhong 80% of HUMMER whos vehicles will still be built by GM through June 2011. The other 20% will be going to a private investor which means GM will finally be able to wipe their hands clean of the brand.

What’s really interesting though is the fact that HUMMER, an iconic American brand, is now a Chinese company. What will come from this? Only time will tell.

via autobloggreen

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It seems that Enterprise, one of the nation’s largest car rental agencys, has been getting a ton of bad publicity due to a supposed “glitch” in their system. As the story goes, Enterprise purchases 66,000+ Chevy Impalas without the standard side impact air bags hoping to lower the cost. This is all fine and dandy considering they saved an estimated $11 million+ but what comes next wasn’t so dandy.

After the cars had their run, the company proceeded to sell 745 of the 66,000 purchased Chevy Impalas to consumers without telling them the side impact air bag had been removed. In fact, they actually told consumers that the cars did have the airbag, which is where said “glitch” comes in.

Hoping to remedy this problem Enterprise has said they will purchase the cars back for $750 more than their Blue Book value. What do you say, loyal readers, do we forgive them?

via autoblog

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Chevrolet’s Camaro has been a picture perfect example of American muscle ever since its first production model was conceived. But what would happen if you dropped American muscle smack dab in the middle of the UK? Chevy is looking to find out.

They have recently announced that not only has their 2010 Chevrolet Camaro completely sold out despite the economical climate, but that they will begin selling the Camaro in Europe sometime in the near future.

Unfortunately no prices have been announced but the car is currently priced at $23,040 for a V6 touting 2010 Camaro and $35,423 for the V8 touting SS Camaro. The same goes for release dates, no word yet.

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2010 BMW X1

BMW has announced that the all-new X1 SUV is projected to go on sale in the United States in 2011. The Bavarian car maker said that precise details on the U.S. market version including engine and drivetrain configurations will be brought out closer to the time of launch.

The X1 (X3’s smaller brother) will arrive in BMW’s European dealerships this fall with a selection of four engines, including a 258HP straight six gasoline and three 2.0-liter four banger diesels with 204HP, 177HP and 143HP. In a first for a BMW SUV model, the X1 will be available in rear-wheel drive and xDrive all-wheel drive configurations.

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McLaren F1 GTR

Racing enthusiasts can own a piece of racing history with the McLaren F1 GTR which is one of the 3 successors of the McLaren F1. The F1 GTR is going up for sale from a private collection in Tokyo, Japan. The custom-built race car was introduced in 1995 and is known for its victory at the 1995 24 Hours of Le Mans. The car ran for three years from 1995-1997, had a total of 9 chassis built in the first two years and 10 in its final year.

The chassis that will be up for sale is #28R, originally #27R, but was damaged, and rebuilt for GTC Competition as a spare car, raced late in FIA GT in 1997. In 1997, the car generated a conservative 600hp from its de-stroked 6.0L version of the F1’s 60-degree V12. A standard road-going McLaren F1 recently sold at auction for $4 million so this McLaren F1 variant could fetch a similar price.

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First Hummer, then Saturn, now Saab — GM seems to have found a buyer for their Saab brand in Swedish supercar maker Koenigsegg who has banded together with a group of Norweigen investors.

GM says that while Saab had several potential buyers Koenigsegg made the best overall offer. Unforunately there were no details on how much the deal will go down for but we do know that it will happen sometime before the end of the suimmer.

According to KickingTires, Saab hasn’t turned a profit for GM since they bought a stake in it back in 1990. Worse yet, sales peaked at 133,000 so it’s really no wonder that GM would want to sell off the brand.

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Well that was quick, depsite having a reported 16 interested buyers, the troubled GM has already struck up a deal with Penske Automotive Group over the sale of Saturn.

Detailed in the official press release, if the deal were to go down this would give Penske complete control over the 350+ natiowide Saturn dealership along with reportedly continuing the production of the Outlook, Vue and Aura models.

There’s no word on how much the deal will go down for but if all goes well GM is hoping to close it by the 3rd quarter of this year. (more…)

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Bugatti Veyron Pur Sang

Bugatti revealed the limited-edition Pur Sang edition of its Veyron at the 2007 Frankfurt Motor Show and European customers grabbed all five before any American buyers could get a chance. This resulted in Bugatti making the Sang Noir the following year and offer U.S. customers a shot at the limited run of fifteen. However, for those who really had their hearts set on the original polished-aluminum and bare-carbon-fiber Pur Sang edition, you may get that chance as one appears to have come up for sale.

A luxury car dealership in Abu Dhabi has posted an ad of the Pur Sang for sale on its website. No word on price, or even confirmation that this is, indeed, a Pur Sang, but the website does allow you to place the order immediately. Don’t let this one get away!

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The Lamborghini Reventon went on sale last year for around $1,000,000. And get this, there were only 20 made. Probably thought you would never have the chance to even buy one, right?

Wrong, European luxury-marketplace Jameslist apparently has 7 (that’s 35% of all Reventons ever made) listed for sale.

Ranging in prices from €1,250,000 to €1,580,000 the Reventons are appropriately marked up. Hey, at least they aren’t going for €2,000,000, right?

Check out one of hte listings, here.

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