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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.

Official: Renault & Caterham to build Alpine sports cars

Renault has confirmed it is to partner with Caterham to build a range of Alpine sports cars in Dieppe from 2015. The partnership between Renault and Caterham is a logical extension of their F1 partnership but now, with the joint venture to produce their own sports cars, goes much deeper than the almost badge-engineering Williams Renaults. A new company - Société des Automobiles Alpine Caterham – will be jointly owned by Caterham and Renault and will develop models in small and large volumes to be marketed as both Renault Alpine and Caterham, and will be built in Renault’s Dieppe factory that currently churns out Renaultsport models for the road and track, and is the historical home of Alpine.

Volkswagen chief: No. 1 in the world by 2018

Volkswagen chairman Martin Winterkorn reaffirmed his company's ambitious and audacious goals on Wednesday night on the eve of the Paris motor show: pass Toyota and General Motors for the title of world's largest automaker in 2018. Winterkorn was the final speaker after an event that featured unveilings from each of the German conglomerate's brands. He said his company wants to record total sales of 10 million in eight years, which would vault it pass the current levels of global leaders Toyota and GM.