The India-UK Free Trade Agreement is poised to eliminate tariffs on 99% of Indian exports and reduce duties on 90% of UK goods, benefiting sectors like luxury vehicles and spirits from the UK, and textiles and leather from India.
Chinese carmakers are rapidly closing the gap in the electric luxury vehicle market, challenging established German brands like Mercedes-Benz, BMW, and Audi. Domestic brands now hold over 50% of China's luxury car sales, with Chinese-made SUVs dominating the bestseller lists.
Rivian CEO RJ Scaringe discusses the critical R2 SUV launch, aiming for mainstream appeal and profitability. The company faces challenges balancing customer satisfaction with reliability as it seeks to compete with Tesla and traditional automakers.
Police recovered 21 out of 27 luxury vehicles stolen from a Paris parking garage, valued at nearly €2 million. Four individuals have been charged, with three in provisional detention.
