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Keels & Wheels concours features classic cars, wooden boats and more

“Not just anyone can do this,” a clearly exhausted Bob Fuller, chairman and founder of the 17th-annual Keels & Wheels Concours d' Elegance, said shortly after presiding over the awarding of 69 trophies in the automotive division of the two-day classic-car and wooden-boat show held at Seabrook's Lakewood Yacht Club south of Houston, Texas. “You have to have the facilities to do this, and we have these beautiful grounds surrounding this big protected harbor,” said Fuller, a car and boat collector. Fuller collaborated with cochairman Bob Merryman, then-president of the Southwest Chapter of the Antique & Classic Boat Society, to found the event, which benefits the Boys & Girls Harbor nonprofit.

GM scraps plan for unibody pickup

General Motors Co. has dropped plans to develop a unibody pickup similar to the Honda Ridgeline, the automaker's top product development executive said. As gasoline prices rose and pickup sales fell, GM sought an alternative to the standard body-on-frame pickup.

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.