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Senate passes cash-for-clunkers extension
Thu, 06 Aug 2009The Senate added $2 billion to "cash for clunkers" on Thursday, ending a week of suspense about whether the popular new program would have to shut down for lack of funds. The bill, identical to the one that passed the House last week, now goes to President Barack Obama for his signature. The administration has pushed hard for the new funding.
Kia Kue concept (2007): first official pictures
Tue, 09 Jan 2007By Ben Oliver First Official Pictures 09 January 2007 04:47 A Kia concept car. How exciting! More exciting than you might suppose.
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.