Luxury Market

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Bentley, Maserati among biggest winners in fast-growing niche

March 2, 2015 06:01 CET
Ultraluxury carmakers Bentley, Lamborghini, Rolls-Royce and Maserati are experiencing unprecedented success. Strong demand for those brands -- as well as Ferrari and Aston Martin -- has forecasters predicting the niche will grow by nearly 40 percent between now and 2020.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Check out the ANE e-magazine for March

March 2, 2015 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, March 2. This month's edition looks why ultraluxury brands such as Bentley, Lamborghini, Rolls-Royce and Maserati are poised to keep experiencing unprecedented success.... Read More »

 

Q&A

Bentley CEO expects boost from brand's first SUV

12:01 am U.S. ET | March 2, 2015
Bentley delivered a record 11,020 cars last year around the world and it is on course to top that mark as it beats ultraluxury rivals such as Maserati, Lamborghini and Rolls-Royce to market with an SUV, the Bentayga. The Volkswagen Group subsidiary expects to increase annual sales to 20,000 by 2020 after previously targeting 15,000 deliveries by 2018.... Read More »

 

Q&A

Rolls chief confident of another record sales year

12:01 am U.S. ET | March 2, 2015
Rolls-Royce set a record by delivering 4,063 cars worldwide in 2014, and CEO Torsten Mueller-Oetvoes, 54, expects to top that total this year. Now the BMW-owned British ultraluxury brand must decide whether to stretch its prized exclusivity even further with the addition of an SUV.... Read More »

 

GOLDEN AGE

Ultraluxury brands on course for near 40% rise by 2020

12:01 am U.S. ET | March 1, 2015
Strong demand for ultraluxury brands -- driven by new models, improved U.S. and European economic conditions and a rising number of superwealthy -- has led forecasters to predict that overall global sales in the segment will grow by nearly 40 percent in the next five years. The bullish prediction is good news for Fiat Chrysler Automobiles, Volkswagen Group and BMW Group.... Read More »

 

RICHARD TRUETT

De Nysschen, 'Dare' I say, needs a better plan to rebuild Caddy's image

12:01 am U.S. ET | Feb. 24, 2015
An open letter to Cadillac boss Johan de Nysschen: Fixing Cadillac will be the biggest challenge of your career, a far larger task, even, than breathing new life into Audi. My brother is a perfect example why.... Read More »

 

Bentley Bentayga spied during tests

Feb. 23, 2015 11:38 CET
Bentley's first SUV, the Bentayga, was photographed undergoing cold weather testing near the Arctic Circle. The Bentayga will go on sale in 2016 and the UK ultraluxury brand expects the vehicle to help almost double its annual vehicle sales to 20,000 by 2020.... Read More »

 

Rolls-Royce confirms plans for SUV

Feb. 18, 2015 07:55 CET
Rolls-Royce will develop an ultraluxury SUV in a major diversification for the BMW-owned British brand known for its luxury sedans. The high-bodied car will be underpinned by an all-new aluminum architecture, CEO Torsten Mueller-Oetvoes said.... Read More »

 

Daimler extends contract of China boss Troska

Feb. 13, 2015 16:00 CET
Daimler's supervisory board has extended the contract of Hubertus Troska, head of the automaker's China unit, by five years. The 54-year-old executive has helped reduce Mercedes' sales gap with BMW and Audi in the world's largest auto market.... Read More »

 

Audi, Mercedes January sales beat BMW for global luxury-car lead

Feb. 10, 2015 11:00 CET
Audi and Mercedes brand both outsold BMW brand in January, bumping BMW to third place in the ranking of the world's best-selling luxury carmakers for the month. Both Mercedes and Audi aim to take the luxury sales crown from BMW by 2020.... Read More »

 

2015 GENEVA AUTO SHOW

Infiniti teases Mercedes-based QX30 crossover

Feb. 6, 2015 11:05 CET
Infiniti teased its new Mercedes-based QX30, a key model in the brand's bid to boost its European sales. With the UK-built model, Infiniti will have its first entry in the booming compact crossover segment. The car will compete with the Audi Q3, Mercedes-Benz GLA and BMW X3.... Read More »

 

Daimler launches new Mercedes cost-cutting drive to help reach profit goal

Feb. 5, 2015 14:39 CET
Daimler will launch a new efficiency program at its Mercedes cars unit to dampen the acceleration in its growing cost base as the company seeks to achieve record vehicle sales, revenue and profits for 2015.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

DS CEO wants upscale brand to have Audi-like impact

Feb. 5, 2015 06:15 CET
Yves Bonnefont, the CEO of PSA/Peugeot-Citroen's upscale DS brand, hopes the unit's sales will eventually represent 10 percent to 15 percent of its parent's annual volumes – up from 4 percent last year. At that level DS' sales contribution at PSA would match Audi's at VW Group.... Read More »

 

Mercedes takes early luxury lead, resurgent Lexus jumps to No. 2

3:53 pm U.S. ET | Feb. 3, 2015
Mercedes-Benz opened 2015 with a record January to take an early lead in the US luxury race, but a surging Lexus is nipping at its heels. 2014's luxury champ, BMW, finds itself in third place after the first month.... Read More »

 

Lexus reloads for a shot at luxury title

12:01 am U.S. ET | Feb. 2, 2015
Lexus, quickly narrowing the U.S. sales gap with BMW and Mercedes-Benz, will have its busiest product year since the brand's inception, with as many as nine new or tweaked models, including a key redesign, three midcycle refreshes, new turbocharged options and a special edition in 2015.... Read More »

 

Audi could hit 2 million sales goal ahead of 2020

Jan. 30, 2015 15:43 CET
Audi could reach its goal of 2 million sales a year before its 2020 target, helped by models such as the A4, the flagship Q7 SUV and the R8 sports car, CEO Rupert Stadler said.... Read More »

 

Bentley names industry veteran Winkler to head Americas unit

4:01 pm U.S. ET | Jan. 28, 2015
Bentley said it appointed Michael Winkler as president and CEO of Bentley Motors in the Americas, replacing Christophe Georges, who will become director of product and marketing for Bentley’s global organization.... Read More »

 

Perks program lifts struggling store's satisfaction scores, sales

2:00 pm U.S. ET | Jan. 23, 2015
Land Rover San Diego is rewarding big spenders with a perks program that offers Padres baseball tickets, dry cleaning runs, preferential service times and other goodies.... Read More »

 

BEST PRACTICES

Luxury retailer is in for long haul

12:00 pm U.S. ET | Jan. 22, 2015
Living a teenage boy's fantasy of driving exotic cars is part of Tom O'Keefe's job at Midwestern Auto Group, a 15-franchise group of mostly exotic and luxury dealerships in Dublin, Ohio, that offers valet service to its high-line customers.... Read More »

 

Audi plans to build range-topping Q8 SUV, CEO Stadler says

Jan. 20, 2015 15:38 CET
Audi plans a range-topping SUV to go on sale before the end of the decade, CEO Rupert Stadler said. Dubbed the Q8, the SUV would be aimed at markets such as the U.S., China and the Middle East, where large coupe-styled SUVs are in demand.... Read More »

 

Signature sound

Autos, audio amplify each other

12:01 am U.S. ET | Jan. 19, 2015
Jaguar Land Rover's partnership with Meridian is part of an intensifying competition among luxury carmakers to use high-end audio brands to enhance their vehicles' appeal. In December, Ford Motor Co.'s Lincoln became the latest entrant, announcing a 10-year partnership with Revel, a premium speaker brand owned by Harman International Industries.... Read More »

 

2015 AUTOMOTIVE NEWS WORLD CONGRESS

Luxury brands seek an edge with tech

12:01 am U.S. ET | Jan. 19, 2015
The horsepower race is dead, giving way to advanced hybrid technology and smaller displacement engines. Digital technology has become central to selling vehicles, not only on smartphones and tablets but in innovative showroom settings. These are some of the ways that luxury brands are embracing the megatrends discussed at the Automotive News World Congress.... Read More »

 

Mercedes-Maybach S600 priced at $190,275

2:16 pm U.S. ET | Jan. 16, 2015
Mercedes-Benz has priced its flagship Mercedes-Maybach S600 at $190,275, including shipping. The ultra-luxury car is based on the S-class sedan that starts at $167,825, including shipping.... Read More »

 

BRADFORD WERNLE

So what is a Bentayga?

12:01 am U.S. ET | Jan. 14, 2015
When it comes to quirky names for SUVs, Volkswagen Group has the market pretty well cornered. Now we can add a new head-scratcher to the list: the Bentley Bentayga.... Read More »

 

BRADFORD WERNLE

So what is a Bentayga?

11:17 am U.S. ET | Jan. 13, 2015
When it comes to quirky names for SUVs, Volkswagen Group has the market pretty well cornered. Now we can add a new head-scratcher to the list: the Bentley Bentayga.... Read More »

 

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