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
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/