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Luxury Cars

All articles tagged with #luxury cars

Ferrari’s five-seat Luce hits $645K and sparks design backlash
business3 days ago

Ferrari’s five-seat Luce hits $645K and sparks design backlash

Ferrari unveiled the Luce, its first electric five-seater, a $645K model touted for rapid performance (0-60 mph in about 2.5 seconds, 192 mph) but criticized for its look, which some say resembles a Nissan Leaf. The backlash coincided with a roughly 5% drop in Ferrari’s stock, as critics questioned demand for such an expensive, non-traditional Ferrari design. Ferrari defends the concept and notes plans to shift customers from combustion/hybrids to EVs, while market context shows rivals pausing EV plans and the broader luxury EV segment facing price sensitivity. The Luce is produced at Ferrari’s Italian plant and will hit the market in Q4, with an external sound system to mimic traditional engine roars.

via New York Post|
#business#design-criticism#electric-vehicles
Ferrari unveils Luce, its first all-electric flagship with 1,000+ hp
business3 days ago

Ferrari unveils Luce, its first all-electric flagship with 1,000+ hp

Ferrari revealed Luce, its first fully electric car, a four-door, five-seat flagship developed with designer Jony Ive and LoveFrom, priced at €550,000 ($640,000). The Luce packs four motors for over 1,000 hp, a top speed above 310 kph, a range over 500 km, and a luxury interior, with deliveries due in Q4 2026 as Ferrari targets broader markets such as China while maintaining its high-end image.

via CNN|
#business#electric-vehicle#ferrari
Bear-costume scam leads to insurance-fraud sentences for trio in California
crime1 month ago

Bear-costume scam leads to insurance-fraud sentences for trio in California

Three California residents were sentenced for insurance fraud after a scheme involving a person in a bear costume allegedly damaging luxury cars (a Rolls-Royce and two Mercedes) to file fraudulent claims totaling about $142,000 under the operation dubbed “Bear Claw.” The trio pleaded no contest and received a weekend jail program plus probation, with restitution over $50,000; a fourth suspect has a September court hearing. Detectives and a California Fish and Wildlife biologist confirmed the bear was human in costume, and the costume was found at the suspects’ home.

via NBC News|
#bear-costume#california#crime
Bear-Costumed Fraud: SoCal scheme pries payouts from luxury cars, trio jailed
crime1 month ago

Bear-Costumed Fraud: SoCal scheme pries payouts from luxury cars, trio jailed

A Southern California woman and two men in a bear costume staged “bear” attacks on a 2010 Rolls-Royce Ghost and two Mercedes vehicles in Lake Arrowhead to file fraudulent insurance claims. The trio submitted three claims with the same date and location, two of which were paid (totaling about $141,839) while a third was denied after investigators reviewed surveillance video and confirmed a human in the bear suit with help from a wildlife biologist. The defendants pleaded no contest and were sentenced to jail time for insurance fraud.

via Los Angeles Times|
#bear-suit#california-department-of-insurance#crime
Former Amazon Delivery Boss Convicted in $10 Million Fraud Linked to Luxury Cars and a $1 Million Home
business2 months ago

Former Amazon Delivery Boss Convicted in $10 Million Fraud Linked to Luxury Cars and a $1 Million Home

A federal jury convicted Brittany Hudson, operator of Legend Express LLC contracted by Amazon, on 30 counts of conspiracy, wire fraud, money laundering and forgery for stealing nearly $10 million through fake invoices. The funds funded a $1 million home in Smyrna and luxury vehicles (Lamborghini Urus, Dodge Durango, Tesla Model X, Porsche Panamera) and a Kawasaki motorcycle, in a scheme with her girlfriend Kayricka Wortham who pleaded guilty and was sentenced to 16 years with restitution. Hudson’s sentencing is set for June.

via WSB-TV|
#amazon#business#fraud
Aston Martin trims workforce as tariffs and EV shift reshape luxury auto
business2 months ago

Aston Martin trims workforce as tariffs and EV shift reshape luxury auto

Aston Martin will cut about 600 jobs (20%) after net losses rose by more than 50% last year, blaming US tariffs for the downturn. The luxury carmaker faces a tougher market, needs to accelerate electrification/hybrid tech, and may seek partnerships (e.g., with Mercedes) to regain profitability, while the West Midlands economy feels the impact of the cuts and industry-wide shifts toward EVs and changing consumer demand.

via BBC|
#aston-martin#business#electric-vehicles
India trims EU luxury-car tariffs to 30%, opening market to BMW, Mercedes
world4 months ago

India trims EU luxury-car tariffs to 30%, opening market to BMW, Mercedes

India will immediately reduce import duties on high-end European cars to 30% from up to 110% under a new EU trade deal, with price-based caps and annual import quotas that together lift total allowed imports to 160,000 vehicles over 10 years; EVs priced above 20,000 euros will also see cuts, eventually reaching 10% over five years, while domestic EV makers like Tata and Mahindra remain protected for now. The move is expected to boost luxury-car availability and technology transfer for brands such as BMW, Mercedes-Benz, VW, Renault and Stellantis, though price reductions may not be immediate.

via Reuters|
#autos#eu-india-trade-agreement#luxury-cars
Rick Ross Turns His Driveway Into a Rolls-Royce Showroom
entertainment4 months ago

Rick Ross Turns His Driveway Into a Rolls-Royce Showroom

Rapper Rick Ross reportedly owns more than 100 vehicles, with Rolls-Royces at the top of his collection, including a Mansory-electric Dawn, a Mansory Cullinan, a 2013 Wraith, a Phantom, a $5 million Golden Owl Phantom, and a Hermes-interior 2025 Mansory Phantom named Saint Laurent; he even hosts a Georgia car show and once claimed to ride six different Rolls-Royces in a day.

via supercarblondie.com|
#car-collection#entertainment#luxury-cars
Jaguar's EV-Upscale Bet Faces Dealer Doubts and Lease-Only Plan
business4 months ago

Jaguar's EV-Upscale Bet Faces Dealer Doubts and Lease-Only Plan

Jaguar is pivoting to an EV-only, low-volume, high-margin future aimed at rivaling Bentley, reportedly leasing rather than selling its new electric grand tourer to control the used-car market. The plan targets around 10,000 units per year with order books opening around a $130k price tag; dealers express uncertainty about a viable business case and the brand's future customer base, while Jaguar trains dealers and prepares to reveal the Type 00 prototype later this year, with the first production model expected in late 2025. The shift could alienate current buyers but may carve a niche among ultra-wealthy customers if successful.

via Motor1.com|
#business#dealerships#electric-vehicles
Rolls-Royce Emphasizes Bespoke Luxury Over Electric Models for Elite Clients
luxury-cars4 months ago

Rolls-Royce Emphasizes Bespoke Luxury Over Electric Models for Elite Clients

Luxury automakers like Rolls-Royce, Aston Martin, Mercedes-Maybach, and Cadillac are expanding their bespoke services to cater to ultra-wealthy clients seeking highly personalized and artistic vehicle modifications, including custom colors, interior designs, and even pet portraits, reflecting a growing market for exclusive, story-rich automobiles among the global elite.

via CNN|
#aston-martin#bespoke#customization
Woman Struggles to Open McLaren Door, Date Calls It a 'Green Flag'
entertainment5 months ago

Woman Struggles to Open McLaren Door, Date Calls It a 'Green Flag'

A TikTok video shows a woman struggling to open a McLaren door, which is normal due to the car's unique design, sparking humor and debate about what constitutes a 'green flag' in dating. The clip has gone viral, with viewers commenting on the situation and its implications for dating dynamics, while the creator explains the context and responds to criticism.

via Motor1.com|
#dating#entertainment#green-flag