Sarasota Seeing Luxury Car Sales In High Gear

High-luxury cars bring the chauffeur back in fashion

High-luxury cars bring the chauffeur back in fashion

Lamborghini, a half a million-dollar vehicle made to order, is seeing a market here too. Car salesmen say the better they do is a sign the economy is doing better too. “A lot has to do with real estate market. They’re not as nervous anymore with their money,” says Kacprzyk.
If you would like to read more: http://www.wtsp.com/story/money/2014/05/22/sarasota-seeing-luxury-car-sales-in-high-gear/9468303/

Car rental agency expands ‘exotic cars’ group

The Toyota, with a 28 MPG combined rating would come in at $1,950. That’s an extra $450 in your gas budget each year. Insurance — First-time luxury car buyers are sometimes startled at their bill to insure that car. Following our example, InsuranceQuotes.com gives the following comparison for the two cars being insured in Northern California. For an age 40 married man or woman, the monthly insurance bill would be $173 for the Mercedes and $130 a month for the Toyota Camry.
If you would like to read more: http://www.cbsnews.com/news/thinking-of-buying-your-first-luxury-car/

Debt Penalty: The Top 10 Abandoned Luxury Cars Of The UAE

There are reports that the European … Ecclestone should have quit F1 already Briatore May 24 (GMM/Inautonews.com) Flavio Briatore thinks Bernie Ecclestone’s days in charge of F1 are numbered. Embroiled in a … Ferrari must consider UK base Briatore May 24 (GMM/Inautonews.com) Ferrari should consider adding a UK base, according to former F1 team boss Flavio Briatore. The …
If you would like to read more: http://www.inautonews.com/high-luxury-cars-bring-the-chauffeur-back-in-fashion

Thinking of buying your first luxury car? – CBS News

On the bright side, the accumulating layers of dust, dirt and desert grime are gradually conspiring to conceal the car’s retina-scorching paint job. (abandoned luxury car image via The Supercar Kids ) 4) Stranded Of The World Is that Justin Bieber’s entourage cruising machine? Perhaps, assuming we can see into the near future. This pimped-out Caddy may not be a supercar per se, but it’s been left locked and loaded all the same. You might think the owner had some sense of consideration having left the vehicle in a covered airport parking lot.
If you would like to read more: http://inventorspot.com/articles/debt-penalty-top-10-astonishing-abandoned-luxury-cars-uae

For car rental customers who want more verve in their life, Enterprise Rent-A-Car is expanding its network of car rental lots that offer exotic sports cars and expensive imported sedans. It’s called the Exotic Car Collection with 16 locations. The new ones are slated for Hartsfield-Jackson Atlanta International Airport; Dallas, near Love Field Airport; and San Jose, Calif. “We continue to expand to locations where customers are seeking premium vehicles,” said Steve Short, vice president at Enterprise, in a statement.
If you would like to read more: http://www.usatoday.com/story/money/cars/2014/05/20/enteprise-rent-a-car-exotics/9314707/

Village Luxury Cars Releases Its Top Five Deals In Toronto – Yahoo Finance

Tesla, Apple Among Top ‘It’ Big-Cap Leaders – Investors.com

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If you would like to read more: http://finance.yahoo.com/news/village-luxury-cars-releases-top-205408831.html

May 6, 2014 Mercedes-Benz India has inaugurated its fourth outlet this year in Mohali, Punjab. The showroom goes down as the biggest luxury car showroom in the state. Earlier this year, the luxury carmaker, Mercedes-Benz India opened outlets in Bhubaneswar, Raipur and Bhopal. With this, Mercedes now has 64 dealerships in 36 cities. Panjab Motors is also Mohalis first luxury car showroom. It was inaugurated by Eberhard Kern, Managing Director & CEO, Mercedes-Benz India, and Raj Naresh Singh, Managing Director, Panjab Motors. The new dealership is spread over 55,000 square feet and has been built with an investmet over Rs 16 crores. There are 16 bays in the dealership that can service upto 560 cars in a month.
If you would like to read more: http://www.autocarindia.com/auto-news/mercedes-inaugurates-luxury-car-showroom-in-punjab-384704.aspx

Governor’s Former Car Company GreenTech Merges with Luxury Sports Car Company – Business – Tysons Corner, VA Patch

Apple fell 1% Tuesday. Michael Kors ( KORS ) has become the “it” name for affordable luxury as the brand gains fashion-forward followers in America and Asia. Lead designer Michael Kors has been known for his long stint on the fashion reality show “Project Runway,” but his clothes had been turning heads on the runways of New York and Paris for years. Since it went public in late 2011, Kors has continued to take market share from other high-end brands, such as handbag maker and retailer Coach ( COH ).
If you would like to read more: http://news.investors.com/050614-699907-tesla-apple-kors-fashionable-large-cap-stocks.htm?ven=investopediacp&src=aurlagy

Mercedes inaugurates luxury car showroom in Punjab | Car News | Premium luxury SUVs | Autocar India

Before joining WMGTA, Villarreal served various engineering leadership positions at the United States Marine Corp., the Boeing Company, and General Motors. “This merger will enable WMGTA to ramp up production of the Destino luxury sports sedan while strengthening WMGTA’s electric vehicle division,” Villareal said in the news release.”As a newly formed corporation, WMGTA has proven its practical business strategy and sensible approach to product development. I truly believe in the production of the GTA MyCar as a practical, electric transportation solution for the masses.” “Leveraging more than a half-century of combined experience in the automotive industry by its founders, VL Automotive has produced a world-class luxury sedan in record time,” said Charles Wang, WMGTA president and CEO.”We see great synergies between the two companies and we are extremely excited for the merger to be complete. I believe that this merger will enable WMGTA to take a leap forward in engineering capability, product development and manufacturing standards, as well as production capacity.” VL Automotive’s luxury sedan, the Destino, will be incorporated into WMGTA’s highly efficient vehicle portfolio under the brand WM Destino.
If you would like to read more: http://tysonscorner.patch.com/groups/business-news/p/governors-former-car-company-greentech-merges-with-luxury-sports-car-company-tysonscorner

Businessman held in alleged luxury car duty evasion case – Free Press Journal

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Official sources said Venkatachalam was arrested in Chennai as he was named by the agency in both the charge sheets filed last week. Hyderabad-based businessman Alex Joseph was the main accused in the case which relates to a probe into car import scam in which high-end cars were sold to politicians and businessmen allegedly by evading customs duty. 52-year-old Joseph was arrested from a five-star hotel in Delhi in February this year after he eluded the police for 11 months following a CBI raid on his house in Chennai. Jospeh used to sell them to some big businessmen and politicians including Stalin and BCCI chief N Srinivasan.
If you would like to read more: http://freepressjournal.in/businessman-held-in-alleged-luxury-car-duty-evasion-case/