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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.
Concept Car of the Week: Pontiac Banshee (1964)
Fri, 22 Aug 2014In 1964, the Pontiac Motor Division was headed John DeLorean, who would go on to become one of the automotive industry's most divisive figures. He believed that Pontiac needed a compact, exciting car to compete with the newly launched Mustang and approved funding for the experimental Pontiac two-seat sports-car program, codenamed XP-833. Inspired by another GM show car, the rear-engined Corvair Monza GT from 1963, the lines of the XP-833 were a perfect example of the Coke-bottle bodystyle: long hood, short deck and sweeping fender curves.
McLaren MP4-12C performance specs released
Sun, 13 Feb 2011The twin-turbo, 3.8-liter V8 in the McLaren MP4-12C sports car cranks out 592 hp at 7,000 rpm, according to factory performance specs released on Sunday. The engine hits its torque peak of 443 lb-ft at 3,000 rpm and holds it up to 7,000 rpm. That power gives the MP4-12C a top speed of 205 mph.