Fri, Jan 13, 2012 - Page 11 News List

Rolls-Royce CEO bullish on global luxury car market

Staff Writer, with CNA

British motor brand Rolls-Royce Motor Cars is bullish on the global luxury car market this year despite the European debt crisis, the company’s CEO said in Taipei yesterday.

Torsten Muller-Otvos forecast a record year for Rolls-Royce Motor Cars this year after the “fantastic” results last year.

Rolls-Royce posted global sales of 3,538 units last year, the highest number in the company’s 107-year history. The figure represented a 31 percent increase from 2,711 units in 2010.

OPTIMISM

Muller-Otvos said at press conference in Taipei that he was optimistic about a rise in the Asian markets and an improving economy in the US although the situation in Europe was “very insecure and hard to predict.”

The European debt crisis did not have a huge impact on Rolls-Royce last year since the heavily stricken countries of Italy, Spain and Portugal were not the company’s main markets, he said.

The company posted a 20 percent sales growth in Europe, recorded 200 percent annual growth in Germany and more than 30 percent in the UK, he said.

Muller-Otvos forecast that the US economy will “recover slowly, not explosively” this year, which will help increase his company’s sales in that market.

CHINA REGION

Meanwhile, Rolls-Royce sales in the greater China region were higher than in the US last year, accounting for nearly 30 percent of the company’s global sales, Muller-Otvos said. The greater China market is expected to grow further this year, he added.

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