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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.

Ford, GM post biggest drops, industry sales slump continues

Ford Motor Co. and General Motors posted the sharpest sales declines among major automakers as the industry headed toward its sixth straight monthly drop of more than 30 percent. Ford's March sales fell 42.1 percent and GM's were down 44.7 percent, for its fifth decline of more than 40 percent in the past six months.

2011 Toyota Yaris T Spirit & Yaris SR revealed

2011 Toyota Yaris gets two new models - T Spirit & SR The Toyota Yaris isn’t the coolest supermini on the block, but it does have a certain appeal and the benefit of being a proper ‘mini’ car – perfect around town. It even handles quite well, is well-built and has a surprising amount of room inside. Even with all that going for it Toyota are obviously expecting the New Year to be less than easy on car sales, so they’ve announced a couple of new models at the top of the Yaris range to tempt buyers with extra goodies for just a wee bit extra – or nothing at all.