NDTV News

NDTV.com provides latest news from India and the world. Get today’s news headlines from Business, Technology, Bollywood, Cricket, videos, photos, live news coverage and exclusive breaking news from India.

https://www.ndtv.com/

Rolls-Royce Hits Record Sales In Pandemic, Highest In 117-Year History.

Rolls-Royce Hits Record Sales In Pandemic, Highest In 117-Year History

Rolls-Royce is, meanwhile, preparing to launch Spectre, its first all-electric car. (File)

London:

Britain's Rolls-Royce Motor Cars said Monday that it enjoyed record annual sales of its luxury status symbol vehicles, as the broader sector grappled with pandemic fallout including a semiconductor shortage.

The German-owned luxury carmaker said sales surged almost 50 per cent to 5,586 cars with records set in most regions including the Americas, Asia-Pacific and Greater China, as well as in multiple countries around the world.

Demand was powered by its new "Ghost" coupe and 2.6-tonne, 350,000-euro Cullinan SUV.

"2021 was a phenomenal year for Rolls-Royce Motor Cars," said Rolls-Royce Motor Cars Chief Executive Torsten Muller-Otvos in the statement.

"We delivered more cars than at any time in the marque's 117-year history with unprecedented demand for all products in every global market," he said.

Rolls-Royce is, meanwhile, preparing to launch Spectre, its first all-electric car.

Founded at the beginning of the 20th century, the emblematic British brand was bought by German auto giant BMW in 1998.

Monday's sales figures contrast sharply with broader industry data, which showed last week that UK car manufacturing had in fact stalled last year.

Britain's mainly foreign-owned automakers produced 1.65 million vehicles in 2021, according to the Society of Motor Manufacturers & Traders.

That was up just one percent from 2020 -- but almost 29 per cent lower than the market's pre-pandemic level in 2019.

The pandemic erupted in early 2020 and initially led to a plunge in demand. While buyers have returned, a worldwide shortage in computer chips, which are vital components in all types of vehicles, has held back production.


(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Related news
MoneyWatch: Federal Reserve plans to raise interest rates.

MoneyWatch: Federal Reserve plans to raise interest rates.

The Federal Reserve signaled it's getting ready to raise interest rates as soon as March but will keep rates near zero for now. Jared Woodard, the head of the research investment committee of Bank of America Global Research, joined CBS News at the...

$110,000 reward offered in death of 16-year-old Tioni Theus.

$110,000 reward offered in death of 16-year-old Tioni Theus.

Los Angeles County announced a $110,000 reward for information leading to the arrest of suspects for the death of Tioni Theus, who was found dead on the 110 Freeway on Jan. 8.

Six Nations hit with COVID-19 travel challenges

Six Nations hit with COVID-19 travel challenges

COVID vaccination status may not be a requirement to play for a rugby team but it will determine if some players will be eligible to travel for the upcoming Six Nations. Vaccinations are a requirement when traveling into countries like France. Eng...

COVID-19: Cases rise in children returning to the classroom.

COVID-19: Cases rise in children returning to the classroom.

COVID infection rates have been decreasing in the UK since the Christmas holidays. But more children have been getting infected since the schools returned. Almost one in 12 under-18s have been infected - and in some cases multiple times. Sky's Sci...

1

Ukraine conflict: US and allies won't budge over fears of Russian invasion - DW News.

Ukraine conflict: US and allies won't budge over fears of Russian invasion - DW News.

Representatives from Ukraine and Russia met in person today, together with their German and French counterparts in Paris. The four-way "Normandy format" has been used repeatedly since Russia's annexation of Ukraine's Crimean peninsula in 2014. Was...

LIVE: NBC News NOW - Jan. 26

LIVE: NBC News NOW - Jan. 26

NBC News NOW is live, reporting breaking news and developing stories in real time. We are on the scene, covering the most important stories of the day and taking deep dives on issues you care about. » Subscribe to NBC News: » Watch more NBC video:...