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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.

UK car manufacturing hits six-year high in 2013

UK car manufacturing hits six-year high in 2013 The car market in Europe may have been a painful place in 2013, but that hasn’t stopped UK car manufacturing continuing to grow, with 2013 delivering a total of 1,509,762 cars – the highest total since 2007 and up 3.1 per cent on 2012. That impressive total is made up from a wide variety of car manufacturers, from the volume producers like Jaguar Land Rover, Nissan, Toyota and MINI to smaller sales volume from supercar makers Aston Martin. In fact the rate of growth and investment is so strong – moire than £2.5 billion in investment announcements in 2013 – that the Society of Motor Manufacturers and Traders (SMMT) are reporting that analysts believe the UK’s car manufacturing could break all-time records in the next four years.

New Hyundai Genesis heading for the UK?

Is the Hyundai HCD-14 Genesis (pictured) heading for the UK as the new Hyundai Genesis? The Hyundai HCD-14 Genesis Concept arrived at the Detroit Auto Show in January and, concept fripperies apart, previewed the next generation of the Hyundai that wants to be a Korean Lexus – the Hyundai Genesis. The Hyundai Genesis has been selling like hot cakes in the Land of the Free for some time, but until now it wasn’t a car Hyundai felt had a place in its UK line-up.