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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.
Volkswagen Passat CC (2008): first official pictures
Sun, 13 Jan 2008By Ben Pulman First Official Pictures 13 January 2008 11:16 Welcome to the world’s second four-door coupe, the Passat CC. Following the lead of the Mercedes CLS, Volkswagen has redrawn the Passat to give us this swoopy mini-me Phaeton lookalike saloon. It's an attempt to stretch the Passat further upmarket - away from its humdrum fleet roots and nearer the hallowed doorway to the compact premium market.
A look at Cadillac future products
Fri, 27 Jul 2012General Motors has green-lighted the development of a large flagship sedan for Cadillac, sources say, part of its plan to position its luxury brand's lineup to take on the German luxury stalwarts in every key sedan segment. The flagship sedan is to be built on a new rear-wheel-drive platform and arrive by 2015. The long-rumored rwd flagship would challenge the BMW 7-series and Mercedes-Benz S-class and is a key to GM's ambitions to expand Cadillac in China.