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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.

Michelin Challenge Design announces 2014 theme: ‘Driven/Undriven: The Duality of Tomorrow’s Automobiles’

Michelin has announced the theme for the 2014 Michelin Challenge Design competition – ‘Driven/Undriven: The Duality of Tomorrow's Automobiles'. Participants will explore the human-to-vehicle connection, focusing on how this can evolve automotive design. The exploration of autonomous vehicles has gathered pace in recent years, with Toyota displaying its autonomous Lexus car at the recent CES in Las Vegas, while other carmakers and even Google have been investing heavily in the concept.

Renault Samsung SM7 concept

Making its debut at the Seoul Motor Show was the Renault Samsung SM7 concept. Despite carrying the concept tagline, the car is a thinly veiled production model of the forthcoming Samsung SM7 in Asia, and possibly the next generation Renault Laguna or Safrane in Europe. The D-segment sedan is based on a stretched platform that underpins the current SM5, and will go head to head with both the Hyundai Grandeur and Kia K7.