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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.

NASCAR: Bristol president Jeff Byrd dead at 60

Jeff Byrd, president and general manager of Bristol Motor Speedway and Bristol Dragway, died on Oct. 17 following a long illness. Byrd, 60, had been the president of the Tennessee facilities since January 1996, when Speedway Motorsports Inc.

50 Years of the BMW 'Neue Klasse'

In a year that sees the celebration of the ever-seductive Jaguar E-Type and the characterful Renault 4, it would be easy to overlook other cars also reaching their half-century, especially a mundane three-box saloon. However, the BMW 1500 isn't any less significant. When launched at the 1961 Frankfurt International Motor Show, intrigued and inquisitive visitors were forced to wait 30 minutes just to catch a glimpse of the car.