55 Chevy Rear Bumper Spacer on 2040-parts.com

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.

2013 Ford Mondeo launches in China. UK & Europe still waiting.

With the UK and Europe having to wait until 2014 to get the new Ford Mondeo, Ford has managed to launch the new Mondeo in China this week. Of course, as we reported last year, it’s entirely possible that with Mondeo sales now just half of what they were in 2008 that Ford may even move Mondeo production to Mexico to build it alongside the Ford Fusion, the US version of the Mondeo which has been on sale since summer 2012. But Ford are adamant the move to Spain for the Mondeo is happening and, once complete, will mean Ford finally rolling the new Mondeo off the production line by the end of 2013 for the UK and Europe.

2013 Honda Fit EV sales expand to East Coast

Honda is expanding leases of its Fit EV from the left-coast bastions of Oregon and California to the East Coast markets of Massachusetts, Connecticut, Maryland, New York and New Jersey. Eco-minded East Coasters still can’t buy the car outright, but they’ll now be able to lease the electric Fit for three years at a cost of $389 per month. The Fit EV has a mpg equivalency rating of 118 and an EPA electric driving range of 82 miles.