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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.
Urban gridlock costs economy £4.4bn
Tue, 17 Dec 2013GRIDLOCK in urban areas is costing car-commuting households £4.4 billion a year, according to a report. Congestion in London accounts for £2 billion of the overall annual cost, the report by traffic information company Inrix and the Centre for Economics and Business Research (Cebr) showed. The report was compiled by studying congestion in the UK's 18 largest urban areas.
BMW 1M Coupe – up the Goodwood hillclimb we go
Thu, 30 Jun 2011Claire takes the BMW 1M Coupe up the Goodwood hillclimb Although the Goodwood Festival of Speed doesn’t actually start until tomorrow, today saw the second year of the Goodwood Moving Motor Show kicking off a long weekend of petrolhead joy. The USP of the Goodwood MMS is the opportunity – for a lucky few – to take an interesting bit of kit up the Goodwood hillclimb. This year Claire had drawn the tickets for the day; tickets Volvo had kindly sent us (many thanks, guys) after they asked us to drive the hillclimb in a Polestar car.