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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.

Photo of the week (2009): Porsche Panamera in a lift

By Ben Pulman First Official Pictures 21 April 2009 14:22 CAR’s editor Phil McNamara is in China this week, reporting on everything weird and wonderful at the Shanghai motor show. But when he called to say he was pouring over Porsche’s Panamera 425 metres up in the air, we started to think that maybe the jetlag was getting to him. Apparently not – on the evening before the opening of the Shanghai show, a select group of the world’s automotive media was invited to a preview of the Panamera on the 94th floor of the Shanghai World Financial Centre.

Honda Insight Mk2: photo of production hybrid car

By Tim Pollard First Official Pictures 03 December 2008 14:00 Honda issued this solitary photograph of the new Insight hybrid car today – revealing the battery-powered vehicle in production spec. This is a bit of a mini landmark in green fuels technology: the Insight Mk2 will become at a stroke the world’s cheapest hybrid car. Sales begin in spring 2009 and CAR understands that Honda is working on a £14,995 price tag, substantially undercutting today’s hybrids.