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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...
...He added: “The transformation of Aston Martin is one of the most exciting projects within the ultra-luxury automotive industry.”...
...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...
...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....
...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...
...While athleisure wear is seen as more resilient than luxury wear, it is not immune to economic headwinds....
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...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.”...
...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?...
...Increasingly, luxury clothes are all but indistinguishable from the casual clothes they imitate — sportswear and workwear, mostly....
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
Case studies in best practice among general counsel and company legal teams in North America
...Tighter economic conditions in China, which has been the motor for the luxury industry’s record sales from early 2020 onwards, have also set the stage for the sector to experience more moderate growth....
...Listings expected soon in Europe include Permira-backed Golden Goose, the Italian luxury sports shoe brand, and Puig, the Spanish beauty and fashion group behind brands including Charlotte Tilbury....
...Cruise, the self-driving car subsidiary of General Motors, targeted annual revenues of $1bn by 2025. Last year, the business reported sales of just $102mn amid a $3.4bn loss....
...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....
...The FT visited Detroit this week to take the pulse of the Motor City — stay tuned for our report later this weekend. The history of the Lions overlaps with the history of Detroit itself....
...Ford and General Motors have paused plans to expand their EV manufacturing capacity in recent months, and last week Rivian announced that it would cut 10 per cent of its workforce and keep deliveries flat...
Testimony in New York case pitting wealthy oligarch against the famed auction house has shed new light on high-end transactions
...For example, US carmaker General Motors has committed to selling only electric vehicles by 2035, presenting its legal team with many challenges....
Dmitry Rybolovlev had accused auction house of conspiring to overcharge him for works by da Vinci, Klimt and others
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