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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.
Cars, planes--and one flying car--at Pacific Coast Dream Machines show
Tue, 13 Jul 2010There's a pretty good chance that most car guys are also airplane guys, and vice versa. The organizers of Pacific Coast Dream Machines have known this for the last 20 years. So each April they gather a fine collection of both at the airport at Half Moon Bay, Calif., and open the gates.
Red Bull X1 supercar (2010): the full technical spec
Thu, 28 Oct 2010If god is in the detail, then this is surely quite heavenly: the full tech spec of the Red Bull X1. The X1 is the hypercar designed with the help of the Red Bull F1 team - and will star in the highly anticipated Gran Turismo 5 Playstation 3 game. The Red Bull X1 is exclusively revealed in the November 2010 issue of CAR, out now. Adrian Newey, designer of Red Bull's extremely fast but unreliable RB6, designed the X1 in conjunction with Kazanori Yamauchi, the brains behind the Gran Turismo computer games.