luxury cars News

90 Luxury Cars Go Missing from Bankrupt Dealership

Lawsuits and criminal accusations have erupted after a luxury car dealer in South Florida filed for bankruptcy and as many as 90 Lamborghinis, Ferraris and other high-priced cars disappeared from the dealership. At least nine people have filed suit in …

Burnt-Out Cargo Ship With Luxury Cars Sinks off Portugal’s Azores

A burnt-out cargo ship carrying thousands of luxury cars, including Porsches and Bentleys, sank on Tuesday off the Portuguese Azores archipelago nearly two weeks after it caught fire, a port official said. Joao Mendes Cabecas, the captain of the nearest …

So You Lost Your Porsche on a Burning Boat. Now What?

It’s a car person’s nightmare: The special Bentley or Lamborghini you ordered a half-year back—or more—is finally on a cargo ship headed your way. Then the ship catches fire. The nightmare became reality on Feb. 16 when a vessel sailing …

Claims Data Points to High-End Electric Car Risks: AXA

DUEBENDORF, Switzerland — Electric luxury cars and sport utility vehicles (SUVs) may be 40% more likely to cause accidents than their standard engine counterparts, possibly because drivers are still getting used to their quick acceleration, French insurer AXA said. The …

IIHS: Luxury Cars Lag in Safety

Only 3 of 11 midsize luxury and near-luxury cars evaluated earn good or acceptable ratings in the Insurance Institute for Highway Safety’s latest tests designed to help consumers pick the safest vehicles. The Acura TL and Volvo S60 earned good …

Fleet of Ferraris Ruined in Japan Sportscar Pileup

An outing of luxury sportscar enthusiasts in Japan ended in an expensive freeway pileup – smashing a stunning eight Ferraris, a Lamborghini and two Mercedes likely worth more than $1 million together. Police say they believe the accident Sunday was …