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GM shifts gears, will keep Opel

General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.

Paris motor show 2012: a video review by CAR

As usual, here's a quick video debrief from the CAR team in Paris. CAR's longest serving journalists, Georg Kacher and Gavin Green, are joined by Tim Pollard for a video review of the 2012 Paris motor show. Hear their thoughts and analysis of the trends of the Mondial de l'Automobile, find out why a small Audi was Georg's car of the show and hear why three-cylinder engines are the next big thing.

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.