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GM returning to leasing with luxury vehicles
Thu, 30 Jul 2009General 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.
More Saab products coming, Muller says
Thu, 05 Aug 2010Saab's new Dutch owner, Spyker Cars NV, intends to spin additional models off its new Phoenix platform after it yields a redesigned Saab 9-3. Saab dealers will receive the latest 9-3 in 2012, Spyker founder and Saab Automobile AB Chairman Victor Muller said Thursday at the CAR Management Briefing Seminars in Traverse City, Mich. The dealers, who have been starved for product as former owner General Motors attempted to sell or liquidate the brand, also will obtain a Cadillac-based 9-4X crossover when it goes into production in April 2011 in Mexico.
Lexus IS 220d gets more frugal
Mon, 19 Jan 2009Lexus is the latest car maker to have a play and a tweak, and it has just announced revisions to the Lexus IS 220d, which means more miles, for less fuel and lower emissions without any decrease in performance or increase in price. Hard to argue with. Lexus IS 220d - Now cheaper to run Lexus has managed to bring the Co2 emissions on the Lexus IS 220d down from the previous 163g/km to 148g/km.