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Rolls-Royce says demand for luxury cars recovering due to sales in Asia

Torsten Muller-Otvos said the demand meant Rolls-Royce was the first car company to resume car production in the United Kingdom on May 4

Topics
Rolls-Royce | Luxury car sales | Auto makers

Reuters  |  LONDON 

Rolls Royce, Force motors
Muller-Otvos said his company has no plans to move production out of the United Kingdom because of Brexit.

LONDON (Reuters) - The chief executive of said demand for his company's luxury cars is rebounding, helped by sales in Asia, and he is optimistic about the outlook for next year after the pandemic hit consumer confidence and closed dealerships.

Torsten Muller-Otvos said the demand meant was the first car company to resume car production in the United Kingdom on May 4.

"We see a very fruitful business now coming back from Asia, also Europe is coming back on track, the Americas just delivered an excellent July result and August result," the boss of the BMW-owned Motor Cars told Reuters.

"I am quite optimistic looking into 2021, particularly on the back of a very strong order bank we have already on our books."

Muller-Otvos said his company has no plans to move production out of the United Kingdom because of Brexit.

"We are committed to Britain. I would even call us being part of the British industrial crown jewels," he said. "For that reason, Rolls-Royce belongs to Britain."

 

 

(Reporting by Gerhard Mey; Editing by Lisa Shumaker)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, September 02 2020. 15:54 IST
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