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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Mercedes

The World’s Most Expensive SUV Has Been Unveiled at the Geneva Motor Show

By Ryan Ho Kilpatrick
March 6, 2017, 10:33 PM ET
Mercedes-Benz Production At Bremen Factory
The emblem of a Mercedes-Benz of C-Class car is pictured on the assembly line of Mercedes-Benz on January 24, 2017 in Bremen, Germany. Alexander Koerner—Getty Images
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Off-road driving is set to become more luxurious—and expensive—than ever before, thanks to the new Mercedes-Benz Maybach SUV unveiled at the Geneva Motor Show.

Passengers aboard the V12-powered Mercedes-Maybach G-Class 650 will enjoy massages from designer leather chairs, warm drinks courtesy of thermal cup holders and a sunroof that opens to reveal the great outdoors, Bloomberg reports.

All that pampering won’t come cheap, though. At $500,000, the 99 units parent company Daimler AG (DDAIF) plans to roll out will be the most expensive sports utility vehicles ever produced.

These extravagant gas-guzzlers also represent a Faustian pact for the automaker: by targeting ultra-rich customers with high-margin models such as the Maybach, Bloomberg suggests, Mercedes is able to bankroll the development of electric cars, autonomous-driving features and ride-sharing platforms.

For more on the Geneva Auto Show, see Fortune’s video:

So far, the strategy is working. Last year Mercedes surpassed BMW (BMWYY) as the world’s best-selling luxury marque, allowing Daimler to step-up its research and development budget by almost a quarter.

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im Tran with her Grandaughter, two weeks old Alessandra on 28th October, 2005.
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