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Mini electric test delayed by surge of applicants
Mon, 09 Feb 2009Mini USA is taking longer than expected to select 450 lessees for its electric car because of the deluge of about 1,800 applicants. Drivers who are chosen are expected to get cars in April. The program originally had been expected to begin at the start of the year.
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.
Seat Toledo concept [w/gallery]
Fri, 02 Mar 2012The Seat Toledo returns to the market as a compact (4,480mm) sedan that sits between the B-segment Ibiza and larger Leon hatchback. The Toledo – and its Skoda and Audi siblings – marks a return to the lower end of the sedan market and sensible family transport. Whether this translates into Seat's supposed youthful image remains to be seen, but from the initial press images, little of the ‘dynamic lines' form introduced on the Ibiza by former design chief Luc Donckerwolke appear.