1988 Honda Hurricane 600 Right Mirror on 2040-parts.com

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.

Wiedeking to be offered $140 million to quit Porsche, report says

Porsche CEO Wendelin Wiedeking could be offered a $141 million (100 million euros) payoff to quit the sports car maker to make way for a merger with Volkswagen, Germany's Sueddeutsche Zeitung newspaper reported Friday. The newspaper said Wiedeking has been visited by Porsche Chairman Wolfgang Porsche in the past few days, who “made it clear” that the embattled CEO should step down. Wiedeking has come under fire for allowing Porsche's holding company to amass debts of more than $12.7 billion (9 billion euros) during a failed attempt to take over VW.

Driver receives 45 points in nine months

Mitsubishi The Institute of Advanced Motorists (IAM) has uncovered the ‘top 20’ driving licence penalty points holders in the UK – revealing that one man from Liverpool has racked up an incredible 45 points, beating the previous record of 42. But what’s truly astonishing about this is that he ‘achieved’ the 45-point tally in just nine months, between 1 October 2012 and 20 June 2013 – and what’s more, he’s apparently still driving. Top Gear presenters banned from driving in France50,000 new drivers lose licence within two years The penalty points were received for eight separate offences, and either failing to disclose the identity of the driver or exceeding the statutory speed limit on a public road.