LONDON—Rolls-Royce on Monday reported record sales last year despite an average price tag of around $534,000 for its luxury cars and a drop in Chinese demand, with orders stretching into 2023. The British carmaker, which began as Rolls-Royce in Manchester, England nearly 120 years ago and is now owned by Germany’s BMW, said that it…
10 Most Classic Cars of All Time That Ooze Refinement on the Road—#5 Was Driven by a King, Literally
Nothing conveys dignity and class on the road quite like classic, antique automobiles. You don’t have to be a collector or auto buff to appreciate their vintage beauty and heady nostalgia. Step into the golden age of automobiles with a selection of classic cars, spanning the pre- to post-war eras, from when battery-powered models were…
Rolls-Royce Expecting UK Approval for Mini Nuclear Reactor by Mid-2024
A Rolls-Royce design for a small modular nuclear reactor (SMR) will likely receive UK regulatory approval by mid-2024 and be able to produce grid power by 2029, Paul Stein, chairman of Rolls-Royce Small Modular Reactors, told Reuters. The British government asked its nuclear regulator to start the approval process in March, having backed Rolls-Royce’s $546…
BMW Posts Record Yearly Sales Becoming World’s Leading Premium Car Brand
BMW posted robust yearly sales growth of 8.4 percent with a combined sales of 2.52 million vehicles delivered globally last year and doubling its sales of fully-electric cars, said a company report, positioning BMW as the top leading premium car brand worldwide. The Munich-based auto manufacturer’s sales count included numbers from MINI and Rolls-Royce as…
Strong Demand Pushes Rolls-Royce Sales to a Record High in 2021
LONDON—Luxury carmaker Rolls-Royce, a unit of Germany’s BMW, said on Monday its sales soared 49 percent to a record high in 2021 despite the global coronavirus pandemic, as demand worldwide for luxury vehicles surged. In an online presentation, Rolls-Royce CEO Torsten Müller-Ötvös said the carmaker sold 5,586 vehicles to customers in more than 50 countries,…
Rolls-Royce Soars After Hitting Disposal Target With $2 Billion ITP Sale
LONDON—Rolls-Royce said it had agreed to sell its Spanish unit ITP Aero to a consortium led by Bain Capital Private Equity for 1.7 billion euros ($2 billion), helping the British engineering group hit its 2 billion pound target for disposals. The sale, announced on Monday, sent Rolls-Royce shares soaring 11 percent to 148 pence, their…
Retired Chauffeur Celebrates 100th Birthday, Gifted the Luxury Bentley He Drove 60 Years Ago
September 25, 2021
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The family of a retired chauffeur has helped celebrate his 100th birthday—by tracking down and buying the luxury Rolls Royce he drove 60 years ago. Eddie Hughes was given the powerful 6.25-litre V8-engined car by his family as a surprise birthday present. They tracked down the car in Beverly Hills, California, and paid 32,000 pounds…
Rolls-Royce Sells Stake in Refuelling Jets Unit AirTanker for $261 Million
LONDON—British engineering company Rolls-Royce said it agreed to sell its 23.1 percent stake in AirTanker Holdings, the owner of 14 A330 refuelling jets, for 189 million pounds ($261 million), in its latest disposal aimed at reducing debt. The aero-engine maker wants to sell 2 billion pounds worth of assets to help repair its balance sheet…
‘As Long as It Lasts’: Rolls Royce Says Can Weather Crisis Despite Record Loss
LONDON—Rolls Royce has enough funding to weather the crisis in the aviation industry caused by the pandemic, its chief executive said on Thursday after the engine maker plunged to a record £4 billion ($5.6 billion) underlying loss for 2020. The British company said its cash burn should halve this year, and turn positive in the…
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