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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.

Ferrari at the Paris motor show 2008

By Ben Barry Motor Shows 02 October 2008 14:37 The big news at Ferrari was the California – Maranello’s first coupe convertible and its first car to feature a dual-clutch semi-auto gearbox. Parked alongside the Ferrari F1 car, it looked more purposeful than we expected – though all the motor show cars were, tellingly, displayed roof down. But does anyone else find that front end treatment un peu Peugeot?

Yearly driving costs rise 3.4 percent

This won't be a surprise to anyone--it's costing more to own and drive a car. Higher prices for fuel and tires, and a larger drop in the resale value of cars, pushed the average cost of owning a sedan to $8,776 a year, according to AAA of Heathrow, Fla. That's up 3.4 percent from a year ago.