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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.

Mercedes plots McLaren buyout

By Georg Kacher Motor Industry 04 October 2006 09:00 DaimlerChrysler is planning a bid for the McLaren Group, to gain full control of its F1 operation and production of the SLR supercar. CAR Online asked DC boss Dieter Zetsche if he was considering extending Mercedes' stake in McLaren, to give the Germans control. 'It's one of the options we might exercise,' he said.

Toyota Hydrogen Fuel Cell breakthrough to be announced at Frankfurt Motor Show

Toyota Hydrogen Fuel Cell breakthrough to be announced at Frankfurt Motor Show Regardless of whether you think the electric car is potentially a planet saviour or not, the idea of powering cars with hydrogen is a powerful one; the holy grail of automotive powertrains. Technically, ICE cars can be built to run using hydrogen (and a retro-fit allowing that to be achieved economically would be a huge breakthrough) but car makers are heading down the road of electric cars being powered by a hydrogen fuel cell at the moment. In Toyota’s case, that means a setup similar to their hybrid cars, with a hydrogen fuel cell replacing the petrol engine.