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Porsche 911 buyers flock to rare 24-month leases

Porsche is pushing 24-month leases for its 911 and is running a six-month lease pull-ahead incentive on all of its sports cars to offset a shortage of low-mileage used cars. This year, 22 percent of all 911 lessees have taken 24-month contracts rather than 36-month deals, says Michael Bartsch, COO of Porsche Cars North America. That compares with 10 percent before the push.

Ford, Nissan, GM, Chrysler post double-digit April sales gains

UPDATED: Strong demand for large pickups and new models propelled Ford Motor Co., Nissan Motor Co., General Motors and Chrysler Group to double-digit sales gains in April, signaling the auto industry's recovery remains solid. The seasonally adjusted annualized sales rate for April was tracking at 15.1 million based on results from automakers representing 55 percent of the U.S. market, J.P.

Seat Toledo concept [w/gallery]

The 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.