China is just as important, if not more so, when it comes to expensive luxury automobiles. Rolls-Royce Motor Cars' Regional Director for Mainland China Henrik Wilhemsmeyer said, “The Rolls-Royce Ghost Series II is the ultimate entrepreneur's business tool.

The Fiat CEO would rather the Italian carmaker produce more luxury cars and be more lodged in the Fiat-Chrysler brand. "Ferrari is now American, which represents the end of an era," said Montezemolo in regards to the issue. Marchionne said that they …

Montezemolo's influence within the company had already been greatly diminished. He stepped down as Fiat chairman in 2010 and later lost his seat as a director when a new board was recently formed for Fiat Chrysler Automobiles (FCA). His presence within …

In addition to the fine, eight of its car dealerships in Hubei will receive antitrust tickets with a combined value of 29.96 million yuan (US$4.89 million). Regulators have recently focused on anti-monopoly enforcement in the luxury car market. Both …

Audi, the luxury unit of Germany's Volkswagen AG, improperly enforced minimum prices that dealers were required to charge for vehicles and service, according to China's National Development and Reform Commission. It said Audi was fined $40.5 million, …

Mercedes-Benz is recognized as a maker of some of the industry's most refined and luxurious automobiles. So what happens when performance division AMG goes wild on the company's new economy-platform sedan? We're sure happy we got a chance to …

An HP subsidiary, HP Russia, pleaded guilty to bribing Russian companies in order to score a technology contract worth millions, US prosecutors said. The company has agreed to pay a $58.77 million fine in a prosecution brought by San Francisco federal …

MARANELLO, Italy Sept 10 (Reuters) – Luca Cordero di Montezemolo, chairman of Italian luxury sports car maker Ferrari, is quitting to be replaced by the boss of parent group Fiat after the two men clashed over strategy and the Formula One team's poor …

(the board) knows my preferences.” Marchionne added that his role as CEO of Fiat Chrysler depends only on the ongoing support of the board. The CEO of parent Fiat stated this Wednesday that the luxury maker Ferrari will limit its annual sales to …