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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.

Reality start Kardashian stopped for speeding

KIM KARDASHIAN has been fined for speeding after police spotted the reality star apparently being chased by paparazzi on a Los Angeles freeway, the California Highway Patrol said. Kardashian was pulled over on the 101 Freeway near the Van Nuys Boulevard exit, according to California Highway Patrol spokesman Ming Hsu. An officer also cited a photographer who pulled over to take photos of the traffic stop, for stopping in a non-emergency situation.

Porsche unveils 2015 911 Targa

Porsche has given its latest 911 Targa a heavy dose of retro appeal through the adoption of a series of classic styling cues that hark back to that of the original model launched in 1965. Unveiled at the Detroit auto show, the new 911 Targa is based around the same aluminium bodyshell and four-wheel drive mechanical package as the 911 Carrera 4 Cabriolet, alongside which it will be produced at Porsche's Zuffenhausen factory on the outskirts of Stuttgart, Germany. Among the traditional styling elements Porsche's design boss Michael Mauer has chosen to resurrect on the new car is a fixed B-pillar hoop, or Targa bar as it has come to be known over the years.