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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.

Rolls-Royce-designed Santa’s sleigh

By Tim Pollard First Official Pictures 17 December 2008 14:30 Today CAR has an unusual scoop on our hands – as we publish the Rolls-Royce sleigh. This amazing artwork was produced exclusively for CAR by Rolls designer Andreas Thurner, who perfectly captures the regal magic of a Rolls-Royce driven by a stately Santa. Just check out the Greek temple-style, architectural front end of the sleigh – and the hints of top-end speedboats in the profile.

Nissan scales back on auto shows

Nissan said on Friday that it will not participate in some of the major auto shows in its new business year starting April 1, Reuters is reporting. The reason: to save money. This means no Nissan display at the show in Frankfurt in September and probably another absence in Detroit in January 2010.