Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Mercedes, BMW chase ultra rich clients with new high end cars

Apr 20 2014, 21:18 IST
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BMW Group's sales in China are up 25 percent in the first quarter. BMW Group's sales in China are up 25 percent in the first quarter.
SummaryBMW Group's sales in China are up 25 percent in the first quarter.

both the Guangzhou and the Los Angeles auto shows in November.

The vehicle is set to cost more than double the 165,000-euro ($228,000) asking price of its current flagship, the Mercedes-Benz S600.

Daimler stopped making bespoke Maybach limousines in 2012 after efforts to sell cars based on a unique design and costing around $380,000 failed to gain traction with clients. Since mid-2012, the number of millionaires worldwide has grown by nearly 2 million.

Daimler also saw double digit growth in China year-to-date, and is preparing to launch a long-wheelbase version of its C-Class compact sedan as well as announcing the production of a sporty four-door all-wheel-drive coupe.

The new coupe SUV will come out mid next year and be built in the company's U.S. plant in Tuscaloosa, Alabama, Zetsche said on Sunday.

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