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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.

One Lap of the Web: Janky Jettaminos, scary supercars and a two-wheeled tour of the Packard plant

-- Our friend Corbin is back! And he's got an even more terrifying car this time: the Jettamino, a Volkswagen Jetta diesel with the structural stability of a pool noodle and the hipster styling of an LCD Soundsystem reunion tour on wheels. (Fabric wheelarches have never been done before, for good reason.) Somehow, Corbin suckered his friend David into chopping off the roof.

2009 BMW Z4 announced

BMW has officially released details of the next BMW Z4, due to be shown at Detroit and in UK showrooms in the spring. The new Z4 looks like a big improvement on the outgoing model. The old Z4 had Marmite looks – you loved it or hated it – but the new BMW Z4 has much more voluptuous lines.