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Final 2015 Ford Mustang intro of the day

After a day that started the day before in Shanghai and Sydney before progressing around the world to Barcelona, New York and Dearborn, the redesigned 2015 Ford Mustang finished the world's longest debut by driving into wet cement in front of the TCL Chinese Theater in Hollywood, just like the movie star it is. “Mustang has starred in over 3,000 movies and television shows,” said Joe Hinrichs, Ford's president of the Americas. Mustangs have had starring roles in such cinematic hits as diverse as "Goldfinger," "Bullitt" and "Gone in 60 Seconds." The new Mustang will get a hero role in the upcoming" Need For Speed" movie.

GM unveils electric Cadillac Converj concept at the Detroit auto show

General Motors pulled perhaps a surprise at the Detroit Auto Show Sunday morning, unveiling an eye-catching two-door Cadillac concept powered by a "future evolution" of the Chevrolet Volt's electric powertrain. Called the Converj, the Cadillac will have a range of 40 miles on electricity, with a potential total range of 700 miles after a generator kicks in. GM says the powertrain, formerly known as E-Flex, is now called Voltec, and could be used in a variety of applications.

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.