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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.
Infiniti to build new compact hatch at Sunderland from 2015
Wed, 19 Dec 2012Infiniti will build its new posh family hatchback at Nissan's Sunderland factory from 2015. The landmark contract will create 1000 new jobs in the UK, 280 of which will be in the Sunderland plant itself. It's the latest thumbs up for the facility, which currently stamps out around 2000 new Nissans every day.
2010 European Car of the Year shortlist announced
Wed, 24 Jun 20092010 European Car of the Year shortlist announced By Ben Pulman Motor Industry 24 June 2009 18:30 Early nominations for the 2010 European Car of the Year award have been announced, and the initial list of 29 cars includes a few that aren't even on sale yet. However, the European Car of the Year organisation expects the list of nominees to expand even further, before motoring journalist from across Europe vote in September 2009 to cull the entrants and create a seven-car shortlist. The overall winner will then be announced at the end of the year.