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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.

Penske said to be considering bid for GM's Saturn

Roger Penske is considering a bid for General Motors' Saturn brand, a source familiar with the auto entrepreneur's plans said today. Penske is studying the issue but has made no proposals, said the source, who spoke on condition of anonymity. Penske, whose Penske Automotive Group dealership chain distributes Daimler AG's Smart microcars in the United States, is the second entity known to have an interest in Saturn.

New 2015 Hyundai i20 PROPERLY revealed – debuts at Paris Motor Show

The new 2015 Hyundai i20 revealed The Hyundai i20 is a decent, if slightly uninspiring, car, but it has shown Hyundai know how to put a car together to target a market dominated by the Ford Fiesta, and the new i20 – which will be revealed at the Paris Motor Show in October – should see the i20 edging closer to the Fiesta in appeal. Now, following a tease reveal of the new Hyundai i20 using design sketches last week, we get the reveal of the all new, second generation i20 ahead of its public debut. Using Hyundai’s ‘Fluidic Sculpture 2.0′ design language, the new i20 gets looks that are clearly inspired by the new i10 for a more modern look, with a new take on the Hyundai grill and black-c-pillars for a floating roof, making the new i20 look more contemporary, if a little bland.