Luxury Market

Will Wall Street fears have a snowball effect on the luxury market?

Threat of compensation slashes and layoffs might spell shorter lines at luxury shops like Saks Fifth Avenue and will make the finance industry think twice before plunking down $200,000 to reserve a three-month summer rental for 2012.

Jaguar launches its cheapest car, XE sports sedan, aimed at women and youth

Jaguar said on Monday that the XE sports sedan, to be priced at 27,000 pounds in Britain, would be the first model in the XE series. A sport utility vehicle (SUV) is expected to follow.