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.

Toyota FT-CH at Detroit motor show 2010

Toyota showed off the new FT-CH at the Detroit auto show today - and confirmed a whole family of Prius extensions. The edgily styled FT-CH is set to be one of those new Prius models. The Yaris-sized concept was designed in ED2, Toyota's Euro design base in Nice, France.

Alfa Romeo MiTo Quadrifoglio Verde at Frankfurt

Alfa will be bringing the 170bhp Alfa Romeo MiTo Quadrifoglio Verde to Frankfurt Alfa Romeo has revealed that they’ll be bringing the  MiTo Quadrifoglio Verde (MiTo four leaf clover) to the Frankfurt Motor Show next week, featuring a 170bhp Multiair engine as we reported back in June (goodness, we’re ahead of the game sometimes!). The ‘Quadrifoglio’ bit refers back to Alfa’s racing history, and was the emblem used on those cars and was most recently seen on special editions of the Alf GT and 147. But the biggest news, apart from the extras and the paint job, is the clever Multiair system that Alfa is busy introducing.