Hummer

Side profile images of the upcoming reborn Hummer have been revealed by General Motors in the US overnight. And before anyone is wondering why GM is reviving a brand that symbolised gas guzzlers and excess, it's worth noting these will be fully electric vehicles. In a video posted to the GMC website, the silhouettes of a twin cab pick-up and an SUV wagon can be seen. A clay sculpting of the car, and a body shell, are also shown at various points during the video.

One of the most iconic gas guzzlers and images of excess of the modern motoring era – the military-inspired Hummer brand – could make a comeback in the US a decade after being dumped. But there is a big twist: according to reports out of the US it will aim for a more environmentally-friendly image with a line-up of electric utes and SUVs.

AM General, the company which makes the iconic Humvee military vehicle, is reportedly up for sale. Sources have told Reuters the owners of AM General have engaged the services of Australia's own Macquarie Group to seek out bidders for a potential auction-style sale. The private equity firms in control of the military vehicle maker are reportedly looking to sell for around US$2 billion ($2.8 billion).

It's official, China's Sichuan Tengzhong Heavy Industrial Machinery Company has signed a definitive agreement to purchase the Hummer brand from General Motors. Hummer’s leadership team will remain in place and the company will be headquartered in Detroit.

Update: Sichuan Tengzhong Heavy Industrial Machinery Co named as buyer. Revised story coming. Following General Motors declaring bankruptcy earlier today, the company has now announced it has entered into a Memorandum of Understanding (MoU) with a buyer for its once strong Hummer brand. Although most suspected the sale to happen sooner than later, GM says it's a result of the company's strategic review of the Hummer brand and its current rebuilding efforts.