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First Audi show car overseen by Marc Lichte to debut at LA Auto Show

Audi has confirmed that the first show car to be overseen by its new head of design, Marc Lichte, will be unveiled at the Los Angeles Motor Show. Audi hasn't confirmed the exact time of the car's big reveal, but its press conference is scheduled for 9:00am on 19 November. The news was accompanied by an official teaser image, which doesn't reveal a great deal about the new car, aside from the fact that it seems to be a large sedan or shooting brake.

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.

PREMIUM CARS IN DEMAND DESPITE RISING FUEL PRICES

THE RECENT sustained surge in UK petrol prices is not having a detrimental effect on the market for used luxury cars, large prestige SUVs and supercars, that’s according to industry experts Glass's. Current pump prices are at record highs, however whilst the value of a typical family car has risen by at least two per cent since January, large 4x4s have registered a rise of twice this amount. Also faring well during this period are luxury cars and supercars, which have followed the upward trend of family cars.