Sunday, 8th November 2009

 

7 November 2008 - David Bain

Luxury on the cheap: the Hermès-finished Smart car

For those among the very rich who feel a bit self-conscious driving a new Bentley Continental but still want luxury during the credit crunch, a Hermès-finished Smart car might just be the car for these cash-strapped times.

The new car will retail at €39,000 and has been unveiled in Paris as part of the 10th anniversary of Daimler’s Smart car division and its French distributor.

Sales of Smart cars worldwide are holding up well for Daimler, whereas for all the company’s cars overall sales were down 24.5% year-on-year in October.

Most Read

  1. Barclays Wealth team leaves for Standard Chartered
  2. Lloyds wealth team quits after bonus worries
  3. UBS wealth unit takes £33m hit on rogue trades
  4. Citigroup plans 75 layoffs at wealth management division
  5. Morgan Stanley poaches six-member private wealth team from UBS

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Sotheby's 3Q loss widens

Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.

More from Rich Life

  1. Sotheby's 3Q loss widens
  2. Going local --- In a shaky art market, collectors stick close to home
  3. In Tax Case, 4 Days Save Robertson $27 Million
  4. UBS predicts 11% rise in number of HNW UAE nationals
  5. Bonus boom will buoy luxury property market

Related Content

  1. Underwriting luxury at Montblanc
  2. Vivienne Westwood says quality will underpin luxury sales in downturn
  3. £33,000 for a good night's sleep

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