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Valuable 1932 Ford stolen before Goodguys car show, recovered the next day

Authorities have recovered a valuable Ford Deuce coupe stolen before the Goodguys car show last weekend in Indianapolis. The 1932 Ford, estimated to be worth $300,000, was taken on Friday from a car hauler in a hotel parking lot, the Indiana State Police said. The car was found in the driveway of a vacant house on the city's southwest side after being spotted by a citizen who tipped off police.

Glickenhaus may enter LMP1 class at Le Mans

James Glickenhaus, the man who brought you the Ferrari P4/5, is working on a new car to be used in top-level endurance racing such as the 24 Hours of Le Mans, possibly as early as 2014. Recently, sketches of the car—currently called the P4/5 Competizione LMP—have made their way to the Internet. Glickenhaus made his money in the stock market and film industry, but he became a household name among car guys when he commissioned the one-of-one Ferrari P4/5 Pininfarina.

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.