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GM Korea doubles size of its design center

GM has invested $40million in its Korea Design Center, doubling the size of the facility. The expanded studio opened on 25 April, and will give improved support for both exterior and interior design. As well as more studio space, the upgraded facility now includes improved exterior modeling and 3D printing facilities, an outdoor viewing area with three turntables, and a virtual reality studio – the latter allowing design reviews to take place in real time with GM's network of nine other design centers in six other countries around the world.

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.

Hennessey opens up the LS9-powered Camaro

Hennessey Performance is introducing a convertible version of its limited-edition 2011 HPE700 Camaro. The tuning company will produce just 24 copies of the 2011 HPE700 Camaro, but it hasn't revealed how many will be hardtops or convertibles. “We have already sold several of our 2011 HPE700s in hardtop form, increasing the potential for the convertible LS9 Camaro to become an even rarer option than before,” said John Hennessey, president of Hennessey Performance.