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...American carmakers is that they will not necessarily be the beneficiaries as the number of wealthy boomers expands over the next decade. Experts predict that the gradual drift away from American-made luxury cars toward such European models as Mercedes and BMW will only accelerate. According to Ward's AutoInfoBank, European brands account for more than a third of U.S. luxury-car sales, and Mercedes and BMW are leading with about 10% apiece...

Author: /time Magazine | Title: Redefining Luxury | 1/18/1999 | See Source »

...Ford and Chrysler as Motown-made Navigators, Expeditions and Grand Cherokees have amassed the lion's share of the SUV segment. Last year SUVs accounted for 17.7% of overall Big Three sales, up from 12.7% five years ago. But even that segment is under pressure. In Detroit this week BMW is unveiling its X5, a so-called sport-activity vehicle that combines the company's vaunted performance with a light truck's capability. Mercedes' American-made M-Class SUV is already...

Author: /time Magazine | Title: Redefining Luxury | 1/18/1999 | See Source »

...rear-wheel-drive, technologically loaded sedan tweaked and tuned by Jaguar. Chrysler, which has scored a connection to boomers with its Jeep Grand Cherokee, last year launched the 300M, a sleek, import-fighting luxury sedan that competes against such other luxury sedans as the BMW 3 Series and Audi A4. "Our cars became boring, and we lost some ground," says John Sloan, director of DaimlerChrysler's large-car operations in Auburn Hills, Mich. "But our 300M makes you fantasize about driving Route 1 in California...

Author: /time Magazine | Title: Redefining Luxury | 1/18/1999 | See Source »

Smart gadgetry for safety and entertainment represents the new lap of luxury. The BMW 740i, for example, can be equipped with a navigation and traction control system that acclimates from driving on normal pavement to moving through a winter storm with the touch of a switch. Road-weary travelers might prefer GM's sophisticated stability system, which uses two-directional sensors attached to the car's suspension, steering column and brakes to keep the car on its intended course. Mercedes last year began offering near obstacle detection, which uses radar to alert drivers to objects close...

Author: /time Magazine | Title: Redefining Luxury | 1/18/1999 | See Source »

From the redesigned Jeep Grand Cherokee to the all-new BMW 3 Series sports sedans, the 1999 vehicles now rolling into showrooms are bigger, faster and more powerful than their forerunners, which is only fitting for the final model year of this automotive century. What's more surprising, perhaps, is that many of them are cheaper as well. The new cars and trucks boast some of the most technically advanced features ever loaded on as standard equipment--items such as a computerized traction-control system for the Chrysler 300M, and a keyless entry system for the BMW models that also...

Author: /time Magazine | Title: Bigger, Faster...and Cheaper | 11/2/1998 | See Source »

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