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New rival to Tata’s £1250 car

By Tim Pollard Motor Industry 12 May 2008 11:29 Move over, Tata Nano. There’s another bargain basement car in town. Renault-Nissan and Bajaj Auto today confirmed their new people’s car would cost from just $2500 (£1250).

Audi A5 Sportback

Audi has officially revealed the Sportback, adding yet another model to the A5 range. Blurring the line between a sedan, a coupe and a conventional wagon, the emotional, progressive design measures 4711mm long and 1854mm wide, yet stands only 1391mm high (12mm shorter than a Mercedes CLS). With front and rear ends characterized by horizontal lines, the automaker's characteristic proportions are evident when viewed in profile.

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.