How luxury golf cart sales are booming for wealthy golfers in the US – Business Insider

Luxury golf carts are gaining in popularity as more wealthy golf enthusiasts travel to the United States for golf tournaments, but they’re still relatively rare.Now, a group of US golf enthusiasts are launching a new crowdfunding campaign to help make golf carts more common.The American Golf Cart Association has partnered with the US Golf Cart …

Mercedes-Benz pulls $1.6 billion buyout for luxury vehicles in US, China

A luxury carmaker has pulled its $1 billion buy-out offer to buy a controlling stake in the Chinese carmaker, according to Reuters.The deal was announced on Friday by Mercedes-AMG, the world’s second-largest automaker.The company said it had decided to pull out of the transaction after a series of problems with the deal.“We remain confident that …