Cadillac targets 11% operating margin in 10 yearsMon, 25, Apr 2016
Cadillac is targeting an 11 percent operating margin in 10 years, brand President Johan de Nysschen said today in an interview with Reuters, laying out a timeline for the long-term turnaround.
Ferrari's luxury ambitions may need strategy resetFri, 15, Apr 2016
Ferrari's ambition to compete with luxury-goods brands like Hermes or Prada has failed to make headway in the six months since its initial public offering, raising pressure on the new board to reset the sports-car maker's strategy.
Mercedes' global sales climb twice as fast as BMW in Q1Tue, 12, Apr 2016
Mercedes boosted sales twice as fast as BMW in the first quarter, moving the brand closer to clinching the lead in the world's luxury-car market for the first time in a decade.
Mercedes posts record March sales on Europe, China demandWed, 06, Apr 2016
Mercedes achieved its highest-ever monthly brand sales in March as global deliveries rose 8.4 percent. Strong demand in Europe and China helped offset a drop in U.S. volume. Three-month registrations rose 13 percent.
Luxury crossover stalwarts face new rivalsMon, 04, Apr 2016
A sales battle is brewing in the soaring luxury SUV/crossover market, where new entrants are intensifying competition for longstanding brands.