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GM 'will lose money' on the new Chevrolet Volt

By Ben Whitworth Motor Industry 18 September 2008 14:39 Despite hanging its future on the make-or-break Chevrolet Volt plug-in hybrid car, GM has confirmed that it doesn’t expect to make a profit from it – at least not on the first-generation model. The Chevy Volt was unveiled this week amid much hoopla at GM's centenary. 'I don’t know that I’ve ever seen a situation where we make money, particularly when you load all the costs in,' Fritz Henderson, GM’s chief operating officer, told Automotive News Europe, referring to the company’s first-generation technologies.

Lexus GS 450h – Frankfurt reveal

The revised 2010 Lexus GS 450h launched at Frankfurt We covered the Lexus LF-Ch quite a bit – it was the Lexus big card for Frankfurt – and we managed to catch up with the 2010 LS600h yesterday. But Lexus has also had a fiddle with the GS 450h to produce a 2010 model. Much like the LS 600h the GS 450h gets few exterior tweaks to freshen it up, including a new grill, new rear lights and a fresh set of 18″ alloys on the SE-L version.

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.