Volkswagen’s luxury car brands post record sales
Still, the 911 outsold Porsches lower-priced Boxster and Cayman sports cars, which combined for 7,953 units. The popularity of Porsches most expensive models is reminiscent of what is happening in markets for a number of luxury products from clothing to private jets. The costliest planes with the most features and greatest range tend to fare better than smaller, lower-cost versions. Porsche said it expects favorable market conditions to continue this year, given its range of new products that includes the Macan compact SUV.
Full Article: http://blogs.wsj.com/speakeasy/2014/01/06/porsche-sets-u-s-sales-record-reflecting-luxury-car-boom/
Bentley Sees Steady Luxury Sales in 2014
The Nikkei 225 in Tokyo is up 0.2% and the Hang Seng in Hong Kong is up 0.4%. European markets open in about half an hour, with all eyes on those unemployment figures in the US, due out this afternoon. SCOTCH 0726: The government is setting up a scheme to protect the Scottish whisky industry from fake or sub-standard products. Scotch whisky producers will have to apply to the scheme if they want to sell the spirit in the European Union.
Full Article: http://www.bbc.co.uk/news/business-25663549
8, 2014 8:01 a.m. ET Fabled British car maker Bentley Motors Wednesday said that the world’s super-luxury auto market shrunk by 6% in 2013 and forecast that sales in the segment would remain steady at around 40,000 this year. The premium auto manufacturer, a unit of Germany’s Volkswagen AG, said that the decline was primarily down to changing economic and social conditions in China, which is Bentley’s second biggest market after the Americas. Bentley…
Full Article: http://online.wsj.com/news/articles/SB10001424052702303933104579306601198987442