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The Detroit 3 aren't the only automakers feeling the hurt from lease vehicles coming back worth much less than expected. Leases account for 60% of BMW's sales in the U.S. compared to just 20% of sales in the industry as a whole. As such, BMW will begin offering incentives like never before to encour......

With all the news swirling around about the downfall of leasing among the Detroit 3, Chrysler has decided to stick Stuart Schorr, Senior Manager, Sales, Mopar and Dealer Communications, in front of the mic to clear up a few things. The first point he makes is that Chrysler LLC dealers can still offe......

While Chrysler has chosen to get out of the leasing business altogether after taking a bath on vehicles being returned with residual values far below expectations, Ford will reportedly be taking a different approach. Automotive News is reporting that after its finance arm recorded "extreme losses" o......

Fresh off the news that Chrysler financial will no longer play the leasing game comes word that Ford took a $2.1B charge in the second quarter to offset expected losses from truck and SUV leases. High gas prices have put a huge dent in the truck and SUV market, so when customers turn in their vehicl......

Click above to view high-res gallery of the Toyota Yaris SRThe Euro-spec Toyota Yaris is a well-equipped little car. But things like the nine airbags, chrome exhaust finisher, and remote central double locking are merely gravy for the real show on this new SR model: a fully-integrated portable TomTo......

As we mentioned in an earlier post today, the Swift hatchback would be a great addition to Suzuki's lineup in the U.S. Much better than a mid-size truck, at least. The Swift is a well regarded little car in markets abroad where it's sold as a three- and five-door hatch, but if this spy shot supposed......

Click image for photo gallerySuzuki has released some new info and pictures of the forthcoming Splash compact headed for Europe. The Splash is the Suzuki version of the vehicle that will also be sold as the new Opel/Vauxhall Agila by General Motors. Built on a shortened Suzuki Swift platform and sp......

Click image for 37 hi-res shotsThe leak-riddled embargo on BMW new entry-level 1-Series coupe finally lifts today. By now, you've already seen many of the photos, a video or two, and read the official press releases. To recap the basics, here's what's in store for the US model: On sale Spring 2008......

Hybrid-electric cars are seen by many as the most effective way of saving the environment, while diesels are often shunned as being dirty, smog-producing motors designed for trucks. This anti-diesel view couldn't be further from the truth. Modern diesel engines in many cases offer superior mileage t......

There's nothing ground-breaking in these photos of SMART's upcoming Europe-only, cdi-powered Fortwo. We just thought you might want some big pictures of a little car. Plus, anyone interested in buying a U.S.-spec car who hasn't caught the tiny things touring our country can get a better view of the ......