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GM returning to leasing with luxury vehicles

General Motors will return to the leasing business focusing on luxury vehicles, but not on a broader basis, Vice Chairman Bob Lutz said. "We will get back into leasing, but we are not going to use massive subsidized leasing to drive volume because it's volume without profitability," Lutz said July 29 in an interview with Automotive News. "We'd rather sell less at higher profit than sell more at lower profit." Lutz said it still would make sense for GM to do more leasing on its luxury vehicles.

Volvo WILL build a luxury car to take on the Mercedes S-Class

Volvo WILL build a luxury car to take on the Mercedes S-Class (Concept You pictured) Volvo has done a lot right – and not much wrong – since Geely took over the reigns from Ford. With new cars like the V40, a new range of 4-cylinder engines and a new design direction – previewed by the stunning Volvo Concept Coupe – the Swedes look to be on a roll. But their strategy of pointing their cars at premium car lovers in the mainstream segment seemed to have taken a left turn with a revelation by Geely and Volvo Chairman, Li Shufu, who has declared Volvo are to build a luxury car to take on the might of the Mercedes S-Class, Audi A8, BMW 7-Series and Jaguar XJ.

Parade of Woodward Dream Cruise classics gets underway

Friday marked the final prelude of the 17th annual Woodward Dream Cruise but pre-event festivities have been underway for days throughout suburban Detroit. A lights-and-sirens cruise graced the streets of Ferndale, Mich., during late afternoon, while an emergency-vehicle show ran through the evening; live DJs set up to play through the day and night in Pontiac, Mich.; a classic-car parade lit up the streets in the nearby suburb of Berkley; and classic-car displays have now claimed much of the pavement in Royal Oak. Among local car enthusiasts participating in the week-long buildup to the Woodward Dream Cruise, Kathy Lang and her husband have been set up with their 1964 Dodge Polara in the Royal Oak vicinity since Monday.