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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.
Renault at the London motor show 2008
Tue, 22 Jul 2008By James Foxall and CAR reader reporter Carcare Motor Shows 22 July 2008 13:46 With the Paris motor show coming up in October 2008, it’s a surprise Renault had anything of interest to offer show-goers at this week's London exhibition. But Renault UK had other ideas... The French firm’s R26.R – a lightweight, stripped-out Megane, made its world debut.
Vauxhall – Ellesmere Port jobs safe
Thu, 26 Nov 2009Vauxhall's Ellesmere Port Plant will have no job losses It looks like the bulk of the savings that GM need to make in Vauxhall/Opel are going to fall outside the UK, with the news that there will be no job cuts at the Astra-making Ellesmere Port plant and around 340 job losses at Luton. Which is about as good as the news was ever likely to be for Vauxhall workers in the UK. Whatever the outcome of the GM/Magna deal it always seemed likely that Ellesmere Port would be relatively unscathed.