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...Peter Rawlinson said the company, which is 60 per cent owned by Saudi Arabia’s Public Investment Fund, was “looking at every aspect of cost” as it battles to reduce spending and raise output of its luxury...
...Indian steelmaker JSW last month launched a $1.5bn tie-up with China’s SAIC Motor to build and sell EVs in India....
...“Korea is a key market for luxury-car makers....
...world’s largest electric-vehicle maker last year, BYD has started releasing higher end models, the latest being its Yangwang U9 electric sports car with that price tag, to try its luck in the high-end luxury...
...He added: “The transformation of Aston Martin is one of the most exciting projects within the ultra-luxury automotive industry.”...
...Land Rover as a brand has managed to strike a successful balance between high-priced luxury and rugged off-road capability....
...The Volkswagen-owned luxury brand said it would continue selling its hybrid models into the next decade, watering down a previous plan to sell exclusively electric vehicles by 2030....
...For Kia, only about 6 per cent of the vehicles traded in to purchase a new Kia are luxury models, according to Edmunds. But for the electric Kia EV6, 21 per cent of the trade-ins are luxury cars....
...“This is a dream . . . but this would be the extreme of luxury,” Vigna told the Financial Times....
...Jobseekers can earn $2 an hour more in the fast-food industry than those who sign on for temporary roles at $16 an hour to build luxury SUVs, according to recent job postings on Indeed....
...Ironically, slack sales meant plenty of Monacos could be provided to Donald Nunley, the property master on the 1971 motor-racing film Le Mans, in which Hollywood star Steve McQueen wore one with his racing...
...The transaction is also the latest in a series of takeovers in the UK motor retail sector where consolidation has meant only Vertu and Caffyns remain....
...It boasts a worldwide luxury events business that takes in many of the world’s premier cities, an enormous media arm with a growing direct-to-consumer offering, a licensing and rights business with deals...
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...Drew Baglino, senior vice-president leading Tesla’s engineering and technology development for batteries, motors and energy products, announced on X today that he would leave after 18 years at the auto group...
...The deal’s prospectus notes that Sotheby’s Financial was founded back in 1988 to enable “its clients worldwide to unlock liquidity in fine art, luxury items, and other collectibles through financing solutions...
...Then, last week, fellow start-ups Rivian and Lucid Motors also announced lacklustre results, sending their shares tumbling....
...“No diversified luxury brand has this distinctive connection to the culture of writing and has played such an important part in its evolution over the past 115 years.”...
...“He is bringing the whole Dubai model to London,” said one London luxury agent. “He’s going to be ruthless on fees.”...
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
...Since 2021, Aston Martin has been bidding to take on the giants of motor racing, having spent hundreds of millions trying to get a foothold in the sport. Has it been worth it?...
...While athleisure wear is seen as more resilient than luxury wear, it is not immune to economic headwinds....
...Increasingly, luxury clothes are all but indistinguishable from the casual clothes they imitate — sportswear and workwear, mostly....
Case studies in best practice among general counsel and company legal teams in North America
...That was down from 49 12 months earlier, as it exited stakes in companies including General Motors, UPS and Procter & Gamble earlier in the year....
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