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AUTOS
September 13, 2013 | By David Undercoffler
It was a mistake to leave a copy of the window sticker on the front seat of the loaded 2014 Kia Cadenza. Three times during a week of testing, a passenger climbed in, saw the $41,900 price and blurted: "That much for a Kia?!" But it took only a short ride for the impressive Cadenza to make its case. Kia Motors Corp. was once known to U.S. buyers as the builder of econoboxes, not leather-lined premium sedans. A decade ago, the brand's middling reputation would have prevented it from entering the luxury realm.
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BUSINESS
January 30, 2014 | Lauren Beale
Crowned by the sale of a Malibu estate for $74.5 million, the number of houses sold last year at $1 million and above statewide jumped to a six-year high, according to real estate information service DataQuick. In the strongest showing, the number of homes sold at $2 million and up set state, Southern California and L.A. County records. "The luxury market did bounce back last year," said housing market analyst Paul Habibi , a real estate lecturer at UCLA's Anderson School of Management.
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BUSINESS
September 12, 2010 | By Jerry Hirsch, Los Angeles Times
At first glance it's hard to discern who made this new luxury car. The long sloping hood evokes a Mercedes-Benz S class. The bisected grill bears a touch of the BMW 7 series. The galloping horse hood badge hints of the "winged B" on a Bentley. With a dark burled wood dash and steering wheel, soft leather upholstery and brushed metal accents, the spacious interior oozes opulence. The driver's seat has a built-in massage system. The back seat offers a refrigerated compartment to keep drinks cool.
AUTOS
January 25, 2014 | By David Undercoffler
Think of mid-size luxury SUVs as a stable of thoroughbreds. Porsche has its Cayenne, Mercedes-Benz its ML and GL, and Audi its Q7. The Japanese brands have their X models: Acura's MDX, Lexus' GX and Infiniti's QX60. For 2014, two redesigned purebreds join the mix: BMW's third-generation X5, and Land Rover's second-generation Range Rover Sport. Each of the newcomers approaches this competitive segment - where prices range from $50,000 to $90,000 - with a different philosophy.
BUSINESS
July 5, 1988 | From Reuters
While the post-crash luxury housing market is booming on almost every continent, first-time home buyers are having to settle for something smaller, to look farther afield or resign themselves to rented apartments. In Asia, Africa and Latin America--and even in the Soviet Union, where home ownership is rare--the trend is toward the suburbs or out of the city completely.
BUSINESS
October 6, 1985 | ROBERT HANLEY, Times Staff Writer
Lancer Yacht Corp. said this week that its president and a partner reached a verbal agreement to purchase the company from Bally Manufacturing Corp. of Chicago, which acquired the Irvine-based boat-builder in 1983 for $2.7 million in stock. Saul Padek, Lancer's president, would not disclose how much he and partner Bill Mead plan to pay for the company. Robert Hood, Bally's director of planning and development, refused to comment on the pending sale.
BUSINESS
November 19, 1994 | LESLIE BERKMAN, TIMES STAFF WRITER
Seeking to ride a rebound in upscale housing sales, an investor group headed by two Orange County businessmen said Friday that it has acquired the business of Grubb & Ellis/Better Homes and Gardens in Orange and San Diego counties. "We have seen a real upturn in the luxury home market in the last 12 months and that prompted our move to purchase the company," said Dennis Gordon, former senior vice president and director of operations for Coldwell Banker in Southern California.
BUSINESS
March 25, 2002 | TERRIL YUE JONES, TIMES STAFF WRITER
Drive around any European or Asian capital, and you'll rarely see a Cadillac. The only Cadillacs in Paris or Tokyo are likely to be driven by the U.S. ambassador or flown in for U.S. presidential visits. And therein lies a problem of stretch-limo proportions for General Motors Corp.: It lacks a potent luxury brand it can sell around the world, at a time when the luxury segment is emerging as one of the auto industry's hottest growth areas.
BUSINESS
September 24, 2007 | Ben Stocking, The Associated Press
ho chi minh city, vietnam -- In a country whose peasant army once marched on flip-flops cut from old tires, Gucci beach sandals priced at $365 can come as a shock. But the luxury market is booming in Vietnam, where Ho Chi Minh's communist revolution exalted equality and the common man just a generation ago.
BUSINESS
August 21, 1991 | AMY HARMON, TIMES STAFF WRITER
Less than two weeks after two European luxury car makers pulled out of the crowded U.S. market, Mazda Motor Corp. unveiled a new luxury division that will sell its pricey sedans in the United States beginning in 1994. Pricing for the two proposed Amati sedans has not been set, but Richard Colliver, general manger of the Amati division, said the car would be competitive with other luxury Japanese models priced at $25,000 to $45,000.
BUSINESS
December 20, 2013 | By Tiffany Hsu
Bets on the top-performing retailer this holiday don't favor the storied haute couture companies - not Chanel with its $4,500 handbags, nor Neiman Marcus and its $150,000 bespoke falconry set. Instead, it's Michael Kors Holdings - an American sportswear brand from a sassy former "Project Runway" judge - that's roundly predicted to crush Christmas. The company is what's known as a bridge brand, operating on the low end of luxury. Its handbags generally cost less than $500. But the sector's mix of just-high-enough prices and accessible-yet-glamorous design makes brands such as Kors, Kate Spade and Tory Burch like catnip for consumers who are sick of curbing their spending but still wary of an uncertain economy.
AUTOS
November 20, 2013 | By David Undercoffler
A decade after Porsche put on sale its first Cayenne SUV and sent purists howling in fits, the automaker is again jumping into new territory with its all-new Macan compact crossover SUV.  Porsche revealed the Macan to the world Tuesday night at the L.A. Convention Center. The Macan will go on sale in the spring with a starting price of $50,895. This means it's the most affordable Porsche on the market, which the automaker hopes will lure in new customers to the brand. Yet that price tag also makes it one of the most expensive models in the burgeoning crossover SUV market.
AUTOS
November 20, 2013 | By David Undercoffler
Names like Porsche, Jaguar, Mercedes-Benz and Lincoln bring to mind flashy cars with formidable pedigrees and even more formidable price tags. But for the first time, all these storied luxury brands are focused on - of all things - compact crossover vehicles. Each is rolling out a new one at the Los Angeles Auto Show, which opens this week. It's not hard to figure out why: The segment's market share has quadrupled in the last five years and is forecast to keep growing for the next five years.
AUTOS
September 13, 2013 | By David Undercoffler
It was a mistake to leave a copy of the window sticker on the front seat of the loaded 2014 Kia Cadenza. Three times during a week of testing, a passenger climbed in, saw the $41,900 price and blurted: "That much for a Kia?!" But it took only a short ride for the impressive Cadenza to make its case. Kia Motors Corp. was once known to U.S. buyers as the builder of econoboxes, not leather-lined premium sedans. A decade ago, the brand's middling reputation would have prevented it from entering the luxury realm.
AUTOS
July 25, 2013 | By Catherine Green
The cost of owning an electric car is wriggling its way down to becoming competitive with its gas-powered peers, according to new projections by the Electrification Coalition. Representatives from the Washington, D.C., advocacy group said during a conference call Thursday that short-range plug-in hybrid electric vehicles are already cost competitive with cars powered by internal combustion engines, as well as hybrid electric vehicles. The recent analysis assumed five years of ownership and about 14,000 miles driven each year.
BUSINESS
January 30, 2013 | By Lauren Beale
The number of homes statewide sold for more than $5 million reached an all-time high last year, while those selling at a million dollars or more rose to the highest level since 2007 last year, a real estate information service has reported. Cash buyers, an upturn in home prices and the recovering economy played a role in the increase, as did a year-end rush among the wealthy to take advantage of lower capital gains taxes by closing before year end. Across California, 697 homes sold for more than $5 million compared to the previous high of 491 in 2011.
BUSINESS
August 21, 1991 | AMY HARMON, TIMES STAFF WRITER
Less than two weeks after two European luxury car makers pulled out of the crowded U.S. market, Mazda Motor Corp. unveiled a new luxury division called Amati that will sell its pricey sedans in the United States beginning in 1994. Pricing for the two proposed Amati sedans has not yet been set, but Richard Colliver, general manger of the Amati division, said the car would be competitive with other luxury Japanese models priced between $25,000 and $45,000.
BUSINESS
February 4, 2001 | ANNE D'INNOCENZIO, ASSOCIATED PRESS
It may not be obvious, but well-heeled New Yorkers Rita May and Lorraine Machiz are on designer diets. Every season, May used to spend up to $1,200 to treat herself to a new Giorgio Armani suit, but not this spring. "The economic slowdown is making me more cautious," she said. "I'm looking for things that have more value." As for Machiz, news of layoffs and drastic stock depreciations have put her in such a bad mood that she doesn't feel like shopping.
BUSINESS
January 30, 2013 | By Lauren Beale, Los Angeles Times
California's luxury housing market is booming. In activity reminiscent of real estate's bubble years, the number of homes statewide selling at more than $5 million reached an all-time high last year, while those selling at $1 million or more rose to the highest level since 2007, a real estate information service has reported. Sales are up because well-heeled U.S. and international buyers, confident that the housing recovery is solid, are looking for places to park their cash, real estate experts said.
AUTOS
January 15, 2013 | By David Undercoffler
DETROIT - Fancy nameplates in the auto business are prepping for a bruising battle for buyers of entry-level luxury sport sedans. At the North American International Auto Show in Detroit this week, the Germans and Japanese showed a flurry of new lower-end luxury models, which analysts say have big growth potential among cost- and efficiency-minded buyers who still want nicely appointed performance sedans. The new crop includes redesigned versions of the Lexus IS line, the first Mercedes-Benz front-wheel-drive sedan for the U.S. market, Infiniti's Q50 replacement for its G37 sedan and a BMW 320i, priced about 10% below where the current 3-Series line starts.
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