Hummer

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).

General Motors is recalling around 1.5 million passenger cars, trucks and SUVs around the world to remove a windshield-wiper fluid heating system that can overheat and cause a fire. Many of the affected vehicles were recalled in 2008 to fix a similar problem with the same component, but the latest reports of fires in some previously repaired vehicles has prompted GM to remove the system altogether.

After the sale of the Hummer brand to China's Sichuan Tengzhong Heavy Industrial Machines Co.Ltd. fell through General Motors will wind down the brand. All warranty issues will be honoured by General Motors as well as providing spare parts and support worldwide.

With the world financial crisis going from bad to worse, General Motors is under immense pressure to raise cash. One of the ways it which the company believes it can achieve this is by off loading struggling brand Hummer. GM has today sent a prospectus to potential buyers of the iconic brand. "Today we began the process of getting offering materials to interested parties,'' GM spokeswoman Joanne Krell said in an e-mail message.

The Supercar Club - the coolest club in Australia - Paul Maric Okay, so I was a member of a chess club when I was younger. No big deal, I just made sure I didn't tell anybody about it - especially girls. This club on the other hand is one that all members aren't afraid of boasting about. The title says it all – the Supercar Club. For those of us who don’t find the idea of owning and experiencing the depreciation of a supercar, there is hope at hand.