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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.

Ford's EcoBoost 1.0-liter finds home in Formula Ford

On Wednesday Ford won the 2013 International Engine of the Year for the second-consecutive time. The three-cylinder EcoBoost 1.0-liter in production trim delivers 123 hp and 148 lb-ft of twist. Here at the office we opined on what the best car would be to put the mighty mite in; we eventually settled on a Formula Ford open-wheeler.

Ford sees bump in sales of fuel efficient cars, vehicles with smaller engines

Ford customers are showing continued preference for new fuel-efficient models and powertrains with less muscle. Combined sales in May for the new Fiesta and Focus totaled 29,423--a 32 percent increase from a year ago. Ford sold 7,120 copies of the Fiesta and 22,303 of the Focus.