Tag #Luxury Cars

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bbc.com

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Sep 23, 07:18

Porsche Stock Plummets After EV Rollout Delays and Reduced Profit Margin

Porsche's stock dropped over 7% following a profit warning, attributed to EV rollout delays, weakening demand, and increased competition from Chinese automakers, prompting a strategic shift towards combustion engine vehicles.

Porsche Stock Plummets After EV Rollout Delays and Reduced Profit Margin

Porsche's stock dropped over 7% following a profit warning, attributed to EV rollout delays, weakening demand, and increased competition from Chinese automakers, prompting a strategic shift towards combustion engine vehicles.

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Industry, Innovation, and Infrastructure

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What is the primary cause of Porsche's significant stock decline and what are the immediate consequences?

Porsche's over 7% stock drop stems from its announcement of significant delays in its electric vehicle rollout and a drastic reduction in its projected profit margin from up to 7% to 2% or less. This has led to immediate consequences, including a strategic shift away from its planned EV expansion and a continuation of production for combustion engine models.

nbcnews.com

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Aug 27, 04:18

US Tariff Uncertainty Impacts Lamborghini Sales Despite Record Revenue

Lamborghini CEO Stephan Winkelmann reports that uncertainty surrounding US tariffs on European cars is causing wealthy buyers to delay purchases, impacting sales despite record revenue in 2024 and the launch of several new models. The company is considering a hybrid rather than all-electric version ...

US Tariff Uncertainty Impacts Lamborghini Sales Despite Record Revenue

Lamborghini CEO Stephan Winkelmann reports that uncertainty surrounding US tariffs on European cars is causing wealthy buyers to delay purchases, impacting sales despite record revenue in 2024 and the launch of several new models. The company is considering a hybrid rather than all-electric version ...

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How are the fluctuating US tariffs on European cars directly affecting Lamborghini sales and buyer behavior?

Uncertainty about US tariffs on European cars is impacting Lamborghini sales. While a 15% tariff was agreed upon, it's not yet in effect, leaving Lamborghini paying a 27.5% tariff, leading some wealthy buyers to delay purchases of cars priced at $400,000 or more.

theglobeandmail.com

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Jul 21, 13:15

BMW M5 Touring: A Case of Automotive Excess?

This article reviews the BMW M5 Touring, highlighting its blend of sports car performance and family-friendly practicality, while questioning the trend of over-engineered vehicles and suggesting simpler designs might be preferable, contrasting it with other models like the M2 and M240i.

BMW M5 Touring: A Case of Automotive Excess?

This article reviews the BMW M5 Touring, highlighting its blend of sports car performance and family-friendly practicality, while questioning the trend of over-engineered vehicles and suggesting simpler designs might be preferable, contrasting it with other models like the M2 and M240i.

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Responsible Consumption and Production

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How does the comparison between the BMW M2 and M240i illustrate the potential drawbacks of excessive performance features in a road car?

The article compares the M5 Touring to excessive novelty food items at the CNE, highlighting how "more" isn't always better. This excess manifests in overwhelming features and settings, compromising the driving experience despite impressive performance capabilities. The comparison extends to other BMW models, contrasting the M2's raw power with the M240i's superior practicality for daily driving.

theguardian.com

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Jun 16, 16:15

JLR Profit Margin Cut by Trump Tariffs

Jaguar Land Rover temporarily paused, then resumed, US vehicle deliveries after President Trump imposed a 25% tariff on foreign cars in April, resulting in a lowered profit margin forecast (5-7%) from 10% and causing a 5% drop in Tata Motors shares; JLR is considering US price increases and explorin...

JLR Profit Margin Cut by Trump Tariffs

Jaguar Land Rover temporarily paused, then resumed, US vehicle deliveries after President Trump imposed a 25% tariff on foreign cars in April, resulting in a lowered profit margin forecast (5-7%) from 10% and causing a 5% drop in Tata Motors shares; JLR is considering US price increases and explorin...

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Decent Work and Economic Growth

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What are the immediate financial consequences for Jaguar Land Rover resulting from the US tariffs on foreign vehicles?

Jaguar Land Rover (JLR), a British carmaker owned by Tata Motors, temporarily halted US deliveries in April due to a 25% tariff on foreign vehicles imposed by the Trump administration. Resuming shipments last month, JLR now faces reduced profit margins (5-7% vs. a previous 10% forecast) and is exploring price increases in the US to offset tariff impacts. The US market constitutes over 25% of JLR's sales.

euronews.com

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May 6, 19:17

Ferrari Q1 2025 Profit Soars 17%, but US Tariffs Loom

Ferrari announced robust Q1 2025 results: a 17% increase in net profit (€412 million) and a 13% rise in net revenue (€1.8 billion), driven by strong demand for personalized models and increased sponsorship revenue; however, potential US tariffs pose a risk to future profitability.

Ferrari Q1 2025 Profit Soars 17%, but US Tariffs Loom

Ferrari announced robust Q1 2025 results: a 17% increase in net profit (€412 million) and a 13% rise in net revenue (€1.8 billion), driven by strong demand for personalized models and increased sponsorship revenue; however, potential US tariffs pose a risk to future profitability.

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Decent Work and Economic Growth

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How did regional variations in shipment volumes affect Ferrari's overall Q1 performance?

Despite a slight increase in overall shipments (0.9%), Ferrari's profitability was boosted by a favorable product mix and higher personalization revenue. Growth was primarily seen in EMEA and the US, while shipments to China, Hong Kong, and Taiwan declined.

edition.cnn.com

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Apr 23, 10:10

BYD's Denza Z Challenges Western Luxury EV Brands

BYD's premium Denza line unveiled the Z, a luxury electric vehicle, at Auto Shanghai, challenging Western competitors like Porsche and Mercedes-Benz; this follows BYD's surpassing Tesla in global EV sales last year and highlights China's booming EV sector.

BYD's Denza Z Challenges Western Luxury EV Brands

BYD's premium Denza line unveiled the Z, a luxury electric vehicle, at Auto Shanghai, challenging Western competitors like Porsche and Mercedes-Benz; this follows BYD's surpassing Tesla in global EV sales last year and highlights China's booming EV sector.

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Industry, Innovation, and Infrastructure

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How does BYD's competitive strategy and technological advancements compare to those of its main competitor, Tesla?

BYD's success stems from a combination of factors: aggressive pricing strategies enabled by a low-cost structure, frequent product launches keeping competitors off balance, and technological advancements such as its 'God's Eye' driver assistance system and rapid-charging battery technology. This contrasts with Tesla's recent struggles, marked by falling revenue and profit due to trade wars and consumer backlash.

dailymail.co.uk

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Aug 29, 13:20

British Fraudster Faces Jail for £8.5 Million Property Scam

Anopkumar Maudhoo, a 46-year-old illegal immigrant from Mauritius, faces jail after pleading guilty to a £8.5 million property scam involving 45 victims and the purchase of luxury assets.

British Fraudster Faces Jail for £8.5 Million Property Scam

Anopkumar Maudhoo, a 46-year-old illegal immigrant from Mauritius, faces jail after pleading guilty to a £8.5 million property scam involving 45 victims and the purchase of luxury assets.

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Reduced Inequality

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How did Maudhoo use the proceeds of his crime, and what broader patterns does this case highlight?

Maudhoo used the stolen funds to purchase a lavish lifestyle, including a £97,000 speedboat and 19 luxury cars (Ferraris, Lamborghinis, Aston Martins, and a £200,000 Porsche). This highlights the ease with which significant fraud proceeds can be laundered through luxury goods and the challenges in recovering all assets post-conviction.

zeit.de

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Jul 25, 16:12

Porsche Q2 Profit Plunges 91% Amidst Market Challenges

Porsche's Q2 2024 operating profit drastically fell 91% to €154 million due to decreased sales (particularly in China), high restructuring costs, US tariffs, and e-mobility investments; revenue dropped 12.9% to €8.3 billion.

Porsche Q2 Profit Plunges 91% Amidst Market Challenges

Porsche's Q2 2024 operating profit drastically fell 91% to €154 million due to decreased sales (particularly in China), high restructuring costs, US tariffs, and e-mobility investments; revenue dropped 12.9% to €8.3 billion.

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Decent Work and Economic Growth

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What factors contributed to Porsche's dramatic 91% drop in operating profit during the second quarter of 2024?

Porsche's operating profit plummeted 91% in Q2 2024 to €154 million, compared to €1.7 billion in Q2 2023. This significant drop is attributed to decreased sales in China and the US, high restructuring costs, US import tariffs, and investments in e-mobility. The company's revenue also fell by 12.9% to €8.3 billion.

bbc.com

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Jul 7, 13:14

Ferrari Unveils Amalfi: A New Entry-Level Sports Car

Ferrari launched the Amalfi, its new entry-level sports car, replacing the Roma with a redesigned body, a more powerful 640hp engine, and a price of €240,000 in Italy; the first models will be delivered in Q1 2026.

Ferrari Unveils Amalfi: A New Entry-Level Sports Car

Ferrari launched the Amalfi, its new entry-level sports car, replacing the Roma with a redesigned body, a more powerful 640hp engine, and a price of €240,000 in Italy; the first models will be delivered in Q1 2026.

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Responsible Consumption and Production

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How does Ferrari's strategy with the Amalfi model reflect the broader trends in the luxury sports car market?

Ferrari's strategy with the Amalfi focuses on attracting new customers, mirroring the Roma's success where half of its buyers were first-time Ferrari owners. This signifies a calculated move to expand the brand's reach beyond its loyal customer base, who accounted for 81% of sales in 2023.

dw.com

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May 28, 07:12

Germany Cracks Down on Luxury Car Smuggling to Russia

German authorities have launched over 40 investigations into car dealers smuggling luxury vehicles to Russia, seizing hundreds of cars, despite sanctions evasion via intermediary countries, revealing challenges in enforcement.

Germany Cracks Down on Luxury Car Smuggling to Russia

German authorities have launched over 40 investigations into car dealers smuggling luxury vehicles to Russia, seizing hundreds of cars, despite sanctions evasion via intermediary countries, revealing challenges in enforcement.

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Peace, Justice, and Strong Institutions

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How are smugglers evading sanctions, and what role do intermediary countries play in facilitating these illegal exports?

The investigation reveals a complex network of dealers and intermediaries facilitating the illegal export of luxury German cars to Russia, despite sanctions. While German authorities are intensifying efforts to combat this, the true scale remains unclear, with estimates suggesting tens of thousands of cars may be illegally imported annually. The use of intermediary countries like Kyrgyzstan masks the ultimate destination.

forbes.com

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Apr 26, 07:14

Zeekr Targets Luxury Market with 9X SUV

Zeekr, a Geely brand, aims to compete with Rolls-Royce and Maybach by launching the 9X luxury SUV in Q3 2025, showcasing advanced technology, a "Super Hybrid System", and customizable luxury features to attract younger Chinese consumers.

Zeekr Targets Luxury Market with 9X SUV

Zeekr, a Geely brand, aims to compete with Rolls-Royce and Maybach by launching the 9X luxury SUV in Q3 2025, showcasing advanced technology, a "Super Hybrid System", and customizable luxury features to attract younger Chinese consumers.

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What is Zeekr's core strategy for entering the luxury car market, and what specific product demonstrates this strategy?

Zeekr, a Geely subsidiary, aims to establish itself as a luxury car brand, directly competing with Rolls-Royce and Maybach. Their upcoming 9X SUV, featuring a "Super Hybrid System" and advanced autonomous driving capabilities, will be launched globally in Q3 2025. This marks a significant upmarket move for Zeekr, part of a broader Geely restructuring that positions Zeekr in the premium luxury segment, contrasting with its sister brand Lynk & Co.

forbes.com

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Apr 1, 04:12

Aston Martin to Sell F1 Stake, Raise £125 Million to Counter Losses and US Tariffs

Aston Martin announced plans to sell its minority stake in the Aston Martin Aramco Formula One team for at least £74 million and will receive an additional £52.5 million investment to offset a £289.1 million loss in 2024 and counter new US tariffs impacting its gross profit by up to £30 million.

Aston Martin to Sell F1 Stake, Raise £125 Million to Counter Losses and US Tariffs

Aston Martin announced plans to sell its minority stake in the Aston Martin Aramco Formula One team for at least £74 million and will receive an additional £52.5 million investment to offset a £289.1 million loss in 2024 and counter new US tariffs impacting its gross profit by up to £30 million.

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How will the US tariffs affect Aston Martin's profitability and market strategy, and what measures are being implemented to mitigate these effects?

The sale and investment are part of Aston Martin's turnaround strategy, which includes cutting 170 jobs and increasing vehicle prices. These actions are in response to a 33% share price drop and new US tariffs expected to impact gross profit by up to £30 million, significantly affecting the US market, which accounts for one-third of Aston Martin's revenue.

Showing 1 to 12 of 26 results