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☆ Rolls-Royce CEO Torsten Muller-Otvos retires after boosting sales six-fold
▼ + stars: | 2023-10-05 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Rolls-Royce CEO Torsten Muller-Otvos unveils the new coachbuilt Rolls-Royce Boat Tail on May 27, 2021, at the Home of Rolls-Royce in Goodwood, West Sussex, England. Torsten Muller-Otvos, the Rolls-Royce CEO who turned an aging brand into a coveted badge of success for pop stars, athletes and young entrepreneurs, is retiring after 14 years. Rolls-Royce announced Thursday that Muller-Otvos, 63, the longest serving CEO of Rolls-Royce in nearly a century, will retire on December 1. Muller-Otvos brought new shine to the Rolls-Royce brand and became a leader in the luxury world by attracting a new generation of wealthy buyers. Muller-Otvos is the longest-serving CEO of Rolls-Royce since Claude Johnson, who brought Charles Rolls and Henry Royce together in 1904 and served until 1926.

Persons: Torsten Muller, Otvos, Muller, Chris Brownridge, " Muller, Claude Johnson, Charles Rolls, Henry Royce, Cullinan, Royce Organizations: Royce, BMW UK, Muller, CNBC, NBA Locations: Goodwood , West Sussex, England, U.S

☆ Rolls-Royce's CEO shares his 3 favorite details of the brand's new $420,000 electric car
▼ + stars: | 2023-07-06 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

Rolls-Royce's first electric car, the $420,000 Spectre, has arrived. Those taillightsRolls-Royce says the taillights look like "islands in a lake." Look closely at the Spectre's taillights and you'll notice they're single, uninterrupted parts, plunged into a smooth, uninterrupted body panel. The Spectre's grille pushes air around the car instead of sucking it in. A pink Rolls-Royce Spectre.

Persons: Torsten Müller, Ötvös, Royce, Anders Warming, we've, Royce What's Organizations: Royce

☆ Rolls Royce and Porsche's gravity-defying sales numbers show the rich aren't cutting back on luxury spending just yet
▼ + stars: | 2023-01-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Ultra-wealthy shoppers meanwhile have kept up spending, driving record sales for Rolls Royce and Porsche. But the 2022 sales of brands like Rolls Royce and Porsche appear to defy this financial gravity. Rolls Royce CEO Torsten Müller-Ötvös. Porsche 2022 Taycan GTS and Taycan GTS Sport Turismo. While most average households are balancing the math of higher-priced eggs against shifting energy bills, an exclusive few are busy making sure the Rolls Royce they buy is one-of-a-kind.

☆ Rolls-Royce, Bently and Lamborghini had record sales last year, again
▼ + stars: | 2023-01-10 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

Rolls-Royce, Bentley and Lamborghini, car brands that cater to billionaires, had record sales again last year. In fact, it was the third record year in a row for Bentley and the second consecutive record for Rolls-Royce and Lamborghini. The Lamborghini Urus SUV accounted for more than half of that brand’s sales last year while, for Bentley, the Bentayga accounted for 42% sales. The Rolls-Royce Cullinan SUV accounted for nearly half of that brand’s sales last year. The amount of money Rolls-Royce customers paid for options on their cars and SUVs rose to record levels last year.

☆ Rolls-Royce rides ongoing luxury demand to sales record in 2022
▼ + stars: | 2023-01-09 | by ( Nick Carey | ) www.reuters.com time to read: +1 min

LONDON, Jan 9 (Reuters) - 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. Rolls-Royce's sales were led by the Americas, with the U.S. remaining its top market with around 35% of sales. In China, the carmaker's second-largest market, coronavirus-related lockdowns led to a "single-digit drop" in sales. Rolls-Royce said that pre-orders for its fully-electric Spectre, due to go on sale at the end of 2023, had exceeded all of its expectations. Müller-Ötvös said the luxury brand's bespoke, customised approach had lead to "ever more imaginative, personal and technically demanding" orders from customers.

☆ Rolls-Royce sees record sales 2022, no slowdown in spending by the wealthy
▼ + stars: | 2023-01-09 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Rolls-Royce sold a record number cars in 2022 as demand for its $500,000 vehicles remained strong, despite recession fears, according to CEO Torsten Muller-Otvos. "We haven't seen seen any slowdown or downturn," Muller-Otvos told CNBC. Still, the U.S. was the largest market overall for Rolls-Royce in 2022, accounting for nearly 35% of its global sales, Muller-Otvos said. China, its second-largest market, saw a slight decline in sales but still claimed 25% of global sales and posted its second-strongest year for the company. The company's SUV, the Cullinan, was its best seller in 2022 making up about half of global sales, Muller-Otvos said.

☆ Rolls-Royce’s first electric car has two doors and is longer than a Cadillac Escalade
▼ + stars: | 2022-10-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN Business —Rolls-Royce will start production of its first electric car next year. That’s fairly sleek, but just in the ballpark among modern electric cars. Even an electric Rolls-Royce could hardly go without the grille, though, since the upright, tombstone-shaped slab of metal slats is among the most genuinely iconic in the industry. This follows the strategy of Rolls-Royce’s parent company, BMW, which also relies on flexible engineering that can be used to build both gasoline and electric cars. Usually automakers try to conserve weight when making electric cars to make up for all the mass the batteries themselves add.

☆ Rolls-Royce says it already has hundreds of U.S. orders for its $413,000 Spectre electric vehicle
▼ + stars: | 2022-10-18 | by ( Robert Frank | ) www.cnbc.com time to read: 1 min

More than 300 U.S. buyers have already put down deposits for Rolls-Royce's first electric vehicle prior to its unveiling on Tuesday, the luxury automaker's CEO told CNBC. Rolls-Royce CEO Torsten Muller-Otvos told CNBC that the buyers visited the company's headquarters in Goodwood, England over the past two weeks to get a sneak peak at the Spectre, which was publicly revealed Tuesday and comes with a starting price tag of $413,000. The two-door coupe, which is sleeker than a typical Rolls, has a range of about 320 miles and can go from 0-60 miles per hour in 4.4 seconds. Rolls-Royce has said its entire product line will be fully electric by 2030. Muller-Otvos said the buyers put down deposits before they even saw the car.

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