Ferrari NV raised its outlook on strong demand for high-margin models like its new €390,000 ($428,000) Purosangue crossover. The Italian luxury-car maker now expects adjusted earnings before interest, taxes, depreciation and amortization of
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Bernard Arnault, the world’s richest man, may be taking on Elon Musk, the second richest, to see who will lead the premium electric vehicle market—at least when it comes to exclusivity and brand
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The Union Budget 2023 was presented by Finance Minister Nirmala Sitharaman on Wednesday and among some big-ticket announcements for the Indian automotive industry was the decision to hike customs duty on fully imported
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The Genesis GV80 is KBB’s highest-rated midsize luxury SUV of 2023 and a Kelley Blue Book Best Buy Award winner. Pricing starts at $55,550. The Genesis brand is still a relative newcomer to
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The iconic Lotus brand is going public on the US Nasdaq exchange under the ticker LOT as the pioneering luxury EV maker looks to become a global competitor. Founded in 1948, Lotus is
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India’s wealthy, unlike its poor, were not affected financially by Covid-19, and that has led to hope among luxury carmakers that this segment will be able to continue its upward momentum in 2023
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President Biden took to Twitter on Monday to promote his electric vehicle tax credit. However, while doing so, he attached a picture of himself in one that doesn’t even qualify for it. “On my
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Exemption from road tax in several states coupled with a low GST rate is helping e-luxury cars gain traction despite its steep prices. After a robust year of sales in 2022, luxury car
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Cadillac has a long-standing reputation for producing luxury cars unequaled by any American-based automaker. Given the price point, it seems logical that Cadillac would also make reliable luxury cars. However, while there are
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After a robust year of sales in 2022, luxury car sales in India are expected to reach a record high of 42,000-45,000 units in 2023, riding on a strong order book, pent-up demand,
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