All articles tagged with #luxury vehicles
Originally Published 10 days ago — by BMW Group
BMW Group has officially launched BMW ALPINA as a standalone, exclusive brand, emphasizing a unique blend of high performance and superior ride comfort, with a focus on bespoke options and maintaining its rich heritage while embracing a modern, confident identity.
Originally Published 2 months ago — by CNN
The average cost of a new car in the US has surpassed $50,000 for the first time, driven by luxury and electric vehicles, despite tariffs and market shifts, reflecting a trend towards wealthier buyers and higher-end models.
Originally Published 3 months ago — by Electrek
Hyundai announced its most ambitious growth plan, focusing on expanding its lineup with new EVs, hybrids, a midsize pickup, and luxury vehicles, aiming to sell 5.55 million vehicles globally by 2030, with significant investments in US manufacturing and new models tailored for key markets.
Originally Published 4 months ago — by TipRanks
Mercedes and BMW are expanding their electric SUV offerings, intensifying competition with Tesla in the luxury electric vehicle market.
Originally Published 5 months ago — by Lexus USA Newsroom
Lexus debuted its new Sport Concept vehicle at the 2025 Quail Motorsports Gathering, showcasing its latest design and innovation in luxury sports cars.
Originally Published 6 months ago — by Jalopnik
The article explores various imaginative first car purchases by lottery winners, ranging from luxury and exotic cars like Bugatti Veyron and Maserati Spyder to unique and nostalgic choices like a London cab, a fire truck, or childhood dream cars, highlighting the diverse desires of potential high-net-worth individuals.
Originally Published 1 year ago — by Road & Track
Rebel forces have ousted Syrian President Bashar al-Assad, who fled to Russia, leaving behind a lavish car collection at his Damascus palace. The collection, revealed in a video, includes rare and expensive vehicles such as a Lamborghini LM002, Ferrari F50, and Mercedes-Benz SLS AMG, among others. The fate of these luxury cars, valued at tens of millions of dollars, remains uncertain.
Originally Published 1 year ago — by POLITICO
Four Californians were arrested for allegedly using a bear costume to damage their luxury vehicles and claim insurance payouts. The suspects reportedly staged incidents where a 'bear' clawed into a Rolls Royce and two Mercedes models, leading to $141,839 in fraudulent claims. The investigation, dubbed "Operation Bear Claw," involved reviewing video footage and consulting a biologist, who confirmed the 'bear' was a person in costume. Detectives found the costume and meat claws at the suspects' home.
Originally Published 1 year ago — by CNBC
General Motors will boost production of the high-performance Cadillac Escalade V-Series for the 2025 model year, featuring significant updates like a 55-inch display, executive package, and 24-inch wheels. The gas-powered SUV will continue with its powerful V8 engines, aligning with an upcoming all-electric version. Pricing details will be announced closer to the launch, with current models ranging from $81,000 to over $152,000.
Originally Published 1 year ago — by CNBC
Hyundai's Genesis luxury brand has defied skepticism to become a dark horse in the U.S. luxury vehicle market, surpassing Infiniti in annual sales and focusing on unique styling, comfort, and quality. Executives expect continued double-digit growth over the next five years, with plans to maintain restricted pace to retain vehicle values. The brand faces the challenge of growing awareness but aims to expand its lineup with performance models and a potential three-row SUV, while also benefiting from a new local manufacturing plant in Georgia.
Originally Published 1 year ago — by New York Post
A group of teens from the Chicago area orchestrated a daring heist at a Wisconsin Jaguar/Land Rover dealership, using an SUV as a battering ram to steal nearly $600,000 worth of luxury vehicles. The brazen theft led to a 40-mile police chase, resulting in the arrest of 17-year-old Calvin Valentine, who confessed to his involvement. Six of the stolen vehicles have been recovered, but eight other suspects remain at large. The incident has prompted local officials to emphasize the importance of heightened security measures to prevent future thefts.
Originally Published 1 year ago — by Electrek.co
BYD, the world's leading EV maker, is expanding into new segments with luxury EVs and mid-size electric SUVs after a record-breaking sales quarter. To fuel its global expansion, the company announced a stock buyback plan as its share prices have fallen. BYD's overseas expansion may include introducing higher-end models in Europe, and the company's stock, along with other EV stocks, has rebounded after a recent dip.
Originally Published 1 year ago — by Driving
The 2024 Genesis G70 receives a new base engine, the 2.5L turbo-four from the larger G80, providing 300 horsepower and 311 pound-feet of torque, making it 0.6 seconds faster to 100 km/h than the outgoing 2.0L turbo-four. The car also features Brembo brakes and a digital key as standard, along with an advanced all-wheel-drive system. The cabin boasts high-quality materials and a 10.25-inch infotainment touchscreen, while the near-field communication smart key is now standard. Pricing starts at $53,000 for the 2.5T Advanced model and goes up to $64,000 for the 3.3T Sport model. Overall, the G70's small changes make a big difference, enhancing its performance, handling, and luxury appeal.
Originally Published 1 year ago — by Fortune
Range Rover CEO calls for a "national conversation" about organized vehicle theft in the UK, citing the ease with which criminals steal the luxury vehicles. He urges the government to allocate more resources to police operations at ports to prevent the export of stolen cars. Despite efforts to improve security and a decrease in thefts, the vehicle's reputation has led to higher insurance costs and lower resale value, prompting the company to offer its own insurance.
Originally Published 2 years ago — by CarScoops
A Lamborghini Urus has been transformed into a 6x6 SUV by South Florida Jeeps, featuring extended bodywork, a third axle, and two additional wheels. The modifications, which are irreversible, make this already expensive vehicle even more extravagant. The full extent of mechanical changes is unknown, leaving it unclear whether the third axle is functional or purely for aesthetics.