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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.

Anniversary Edition MX-5 Debuts At New York Show

AS part of the quarter century milestone celebrations focused on its iconic MX-5 roadster, Mazda has revealed a special edition to mark the car’s 25th anniversary. Taking pride of place on the firm’s stand at the New York International Auto Show along with a collection of heritage cars, the special edition model is based on the 2.0-litre 160 horsepower Roadster Coupe with the retractable hardtop. It’s available exclusively in metallic red and boasts a number of exclusive trim and colour additions.

Paris Motor Show 2006

The Paris Motor Show has opened its doors with the media preview days. Production car debuts include the Nissan Qashqai, Audi R8, Volvo C30, new Mini, and Citroen C4 Picasso. Concepts included the Alfa 8C, Renault Nepta, Hyundai Arnejs, Citroen C-Metisse, Skoda Joyster, VW Iroc, Lancia Delta HPE and Peugeot 908RC.