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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.

2010 Jaguar XJ Neiman Marcus special edition sells out all 50 copies

It took all of four hours and four minutes for a special Neiman Marcus edition of the redesigned 2010 Jaguar XJ to sell out through the retail giant's Christmas book on Friday. Just 50 copies of the big cat, called the XJL Supercharged Neiman Marcus edition, will be produced. And they're all spoken for after brisk sales reservations last week.

Maserati head to India

Maserati Quattroporte will be the big seller in India It’s not a surprise that Maserati has announced it’s going to enter the marketplace in India, very sensibly in partnership with Indian luxury retailer the Shreyans Group, who also import Ferrari. After all, just about every other car maker is rushing headlong to the sub-continent to cash-in on India’s booming economy and Maserati wants a piece of the action. It doesn’t matter whether you’re Tata selling the Nano for a plate of rice and a cow’s udder, or Bugatti wanting a Maharajah’s Palace in exchange for their hypercar, it’s boom time in India at almost every level of consumption.