Nj, Ny Carjacking Ring Broken Up; 29 Charged, Luxury Cars Recovered

Luxury sedans, limousines for weddings





Approximately 160 cars valued at more than $8 million were recovered in "Operation Jacked," a 10-month investigation. Most of the cars were recovered at Port Newark-Elizabeth Marine Terminal and the Howland Hook Marine Terminal in Staten Island, N.Y., the places from where the ring did most of its shipping, acting Attorney General John Hoffman said at a press conference at the State Police barracks in Totowa. A poster displayed by authorities at a press conference announcing the arrests of suspects in a car theft ring.James Queally/The Star-Ledger While warrants have been issued for six of those believed to be involved, 23 others have been arrested, Hoffman said. The seven ringleaders are from Newark, Irvington, Belleville and Roselle, he added. The ring targeted luxury SUVs including Land Rovers, Mercedes-Benz, Acuras, Porches Jaguars and Aston Martins, according to authorities. If you would like to read more: http://www.nj.com/news/index.ssf/2014/02/carjacking_ring_broken_up.html





Small luxury cars on the rise





[ 2 ]The automaker gained from strong demand for luxury vehicles in the U.S. and China, and contributed 10% to Lears top line last year. Although losing its crown to Mercedes-Benz in the U.S. premium segment, BMW posted record sales of over 309,000 units in the country, representing a 10% growth over 2012 levels. If you would like to read more: http://www.trefis.com/stock/lea/articles/229034/booming-luxury-car-market-boosts-lears-revenue-per-vehicle/2014-02-28









"There are more European cars available now and it's more acceptable to drive one, [whereas] 20 or 30 years ago those cars were there but it required a higher proportion of income to buy one." Small prestige cars aren't exactly a new phenomena as the likes of BMW, Mercedes-Benz and Audi all had a crack at cut-price cars in the 1990s with models such as the 3-Series Compact, C-Class SportCoupe as well as the radical Audi A2 that was never sold in Australia because of its expensive aluminium construction. Both the Benz and the BMW were not only hamstrung by the fact they were essentially sedans with the boot lopped off, but the companies took a hatchet to their equipment levels as well, making them look and feel like a poor mans luxury car. Its a different story now though, led by products that feature all the signatures expected from a prestige car maker, such as the latest safety and infotainment features that were a flight of fancy even in top- end limousines a decade ago and the latest generation of fuel- efficient engines. Their shorter life cycles also provide designers with the freedom to appeal to younger demographics with a greater focus on youthful design, and their greater volumes allow product planners to cost-effectively introduce new technologies and connectivity features. There is also a greater acceptance among first-time luxury brand buyers that not everything is gilded in gold, with car makers developing synthetic materials such as fake leather and aluminium-look plastics. If you would like to read more: http://news.drive.com.au/drive/motor-news/small-luxury-cars-on-the-rise-20140228-33mtw.html





Booming Luxury Car Market Boosts Lears Revenue Per Vehicle





Arriving in these luxury cars adds more glamour to the baraatis' entry," he says, adding, "Dulhe ka hi toh sab wait karte hain, uski entry toh grand honi chahiye." A similar thought is shared by businessman, Anupam Kapoor, who shelled out `45,000 to hire a high-end luxury car from Delhi for his baraat. "A wedding is a once in a lifetime experience and I wanted everything to be perfect including my entry in the pandal, so I thought of arriving at the marriage venue in the best possible car and that's why I hired this vehicle. When we spend so much money on clothes and other wedding preparations, why not on having a grand entry? Sab log toh yahi yaad rakhenge ki dulha luxury car main aaya tha," says he. If you would like to read more: http://timesofindia.indiatimes.com/life-style/relationships/man-woman/Luxury-sedans-limousines-for-weddings/articleshow/31157331.cms