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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.

Italdesign Tex concept

The second concept from Volkswagen's recently acquired Italdesign was the Tex. A research study into the potential future design language of the German brand, the Tex also draws on existing technologies from Wolfsburg.  Utilizing the 'twin drive' plug-in hybrid system, the Tex is capable of a range of 35 kilometers in electric mode, a range Giugiaro claims is ample enough for day-to-day commuting. Adopting a sporting pretense, the Tex is low slung, sitting atop large 19-inch diameter wheels and sports an aggressive DRG.

Suzuki seeks end to partnership with Volkswagen

Suzuki Motor Corp. Chairman Osamu Suzuki on Monday said he plans to end his carmaker's turbulent two-year capital alliance with Volkswagen AG, citing concerns about independence and a dearth of technological exchanges and joint projects from the tie up. The spry, 81-year-old Suzuki executive compared the breakup to a divorce and said the two companies should "say goodbye with a smile" instead of trading bitter accusations.