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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.

Peugeot 508 (2011): first official pictures of France's Mondeo

This is the new Peugeot 508, said to be the first Peugeot to introduce the new design look spun from the SR1 concept first seen back in January 2010. The 508 replaces two cars – the 407 and 607 – and will be available in both saloon and estate bodystyles when it goes on sale at the start of 2011. It's very similar to the 5 concept car shown earlier in 2010, but somehow lacks the stylistic class of recent Peugeots such as the RCZ.

Toyota reveals Qashqai rival teaser

THE CROSSOVER bubble seems to be far from bursting, with Toyota revealing a sneak preview of the car it hopes can challenge the Nissan Qashqai. The C-HR concept will be revealed fully for the first time at the Paris Motor Show at the beginning of October. It is said to be fitted with a hybrid drivetrain and is likely to be based on the same chassis that underpins the Lexus NX compact SUV that has recently been launched to global media.