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.

McLaren MP4-12C GT3 (2011) launch pics, video

McLaren has officially launched its MP4-12C GT3 racing car, announcing the driver line-up and racing schedule for 2011 after further track-testing in Europe. Hang on, McLaren launched the MP4-12C GT3 at Silverstone, didn’t it? Readers will recall our earlier story on the MP4-12C GT3, but that was the track-test debut. Got it?

Kia GT4 Stinger concept headed to Detroit auto show

The Detroit auto show is just a few days away, and Kia has shown us a glimpse of the concept car that it will be unveiling at the show on January 13th. Dubbed the GT4 Stinger, the concept is a low and wide 2+2 sports car, featuring an expansive grille framed by vertical LED headlights. Like the Kia GT concept we saw in Frankfurt in 2011, the GT4 stinger is supposedly rear-wheel drive.