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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.
Kia KV7 Gullwing Concept at Detroit
Fri, 24 Dec 2010The Kia KV7 Concept - will show at the 2011 Detroit Motor Show We’ve got used in recent years to the Koreans - in the guise of Hyundai and Kia – presenting more and more credible concepts which go on to become equally credible production versions. So the news that Kia are taking a new concept to the Detroit Motor Show in January – the Kia KV7 Concept - is something we should probably take quite seriously as a pointer to a new model. The fact that Kia allude to the production versions of cars like the Kia Soul and Kia Sportage being close in style to the concepts that preceded them in their press release on the KV7 also makes it an extremely strong possibility that the KV7 Concept is pointing to a new model from Kia.
Aston Martin recalls most cars made since 2007
Wed, 05 Feb 2014Aston Martin Aston Martin is recalling 17,590 cars - most models built since late 2007 - over a counterfeit component mistakenly used in the accelerator assembly, the firm announced this evening. A Chinese supplier makes the throttle pedal and Aston Martin said it had discovered one part used counterfeit plastic material instead of the correct component from a European supplier. Aston Martin is keen to stress that there have been no instances of the part failing or any accidents as a result of the counterfeit part.