Good news for luxury automakers from our friends in the Great White North.
When auto executives gathered at Pebble Beach in Carmel, Calif. this month to show off a bevy of new luxury car models, the mood was decidedly more downbeat than in previous years. Managers for Lamborghini and Lincoln decried the state of sales for their high-end cars, arguing that their well-heeled American buyers are fearful of flaunting their money with lavish purchases at a time when the United States is still gripped in financial scandals and climbing unemployment. “Keeping up with the Joneses is passé,” lamented Ford Motor Co.’s Mark Fields. Somebody forgot to tell that to Canadians. – From Canada.com