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Keywords: Luxury cars
Morocco’s National Financial Intelligence Authority (ANRF) is examining a series of high-value luxury vehicle purchases carried out in Casablanca, Rabat and Tangier, amid questions over the origin of the funds and the identities of the individuals ultimately benefiting from the transactions. According......
British sports-car brand Lotus is preparing to officially enter the Moroccan automotive market after its first vehicles arrived at the Port of Casablanca, marking a key logistical step ahead of the company’s commercial launch in the Kingdom. The vehicles have gone through the necessary customs......
The Moroccan market for high-end electric mobility welcomes a new player. The Chinese brand AVATR Technology officially announced its establishment in Morocco during an event held Thursday in Casablanca, presenting an initial range consisting of three vehicles: the AVATR 07, the AVATR 11, and the AVATR......
British luxury carmaker Jaguar Land Rover (JLR) plans to eliminate around 4,000 jobs over the next two years as part of a major cost-cutting program aimed at responding to mounting pressure on the global automotive market and the financial impact of a major cyberattack. The restructuring program is......
Range Rover has officially entered a new chapter in the luxury electric vehicle market with the unveiling of its first fully electric model, following a one-year delay in its planned market launch. Starting at around £154,070, or approximately $208,420, the new electric Range Rover represents......
Cristiano Ronaldo has once again offered fans a glimpse of his passion for exceptional automobiles, sharing images of his private garage on Instagram. The Portuguese football star described the vehicles simply as his “toys,” but the collection behind the playful caption represents a remarkable......
Ferrari delivered stronger-than-expected financial results for the second quarter of 2026, posting higher profitability despite a slight decline in vehicle deliveries. The Italian luxury sports car manufacturer continued to benefit from growing demand for its most exclusive models and an increasing number......
German automaker BMW is preparing to reduce its workforce by around 8,000 positions by the end of 2027 as part of a voluntary departure program agreed with employee representatives. The measure comes as the luxury car manufacturer faces weaker demand in key markets and growing pressure to improve efficiency. According......
British luxury carmaker Aston Martin has secured £550 million ($735.57 million) in new debt financing as the company strengthens its financial position and continues efforts to support its long-term growth strategy. The financing package is being led by funds managed by HPS Investment Partners,......