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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.

BTCC stars arrive at race meet... with a race-insipred caravan

BRITISH Touring Car stars Matt Neal and Gordon Shedden arrived at their most recent race weekend with something a bit out of the ordinary in tow. The pair arrived in a Honda Civic Tourer, liveried up to look just like the racing versions the pair are more used to thrashing around. What’s more, they were towing a caravan just as covered in Honda Yuasa Racing graphics as the car, having meandered across the country stopping only for picnics and barbecues – although they did enjoy a spot of mountain biking too.

Toyota sets Nurburgring record... for fuel economy

WHATEVER else you might say about Toyota, it seems the brand has a sense of humour. Driving enthusiasts will hand their (petrol)heads in shame after Toyota completed the 12.9-mile German track at an average of 698mpg. The embarrassingly pedestrian time of 20 minutes and 59 seconds was set by motor journalist and Japanese car expert Joe Clifford, and since Toyota is the first to shame itself with a fuel economy run at the heart of performance car testing, it automatically sets a new efficiency record.