Financial News

  • 11 January 2014, 5:46

Rolls-Royce Considers Producing Its First 4x4

Luxury car maker Rolls-Royce is considering producing its first four-wheel drive vehicle as it reports its fourth year in a row of record sales.

Chief executive Torsten Mueller-Oetvoes told Sky's Jeff Randall Live programme that if they decide to go ahead with the plan, the new vehicle could be in showrooms in four years' time.

"It's a very interesting segment, and I'm also convinced that we will see in that segment a part of luxury, and for that reason we are currently looking into that," he said.

"There are no firm plans on our hands so far. We have time, our company is basically on the edge of full capacity, and for that reason there's no need to rush."

He said Rolls-Royce is now selling cars in 40 countries. Its biggest markets remain China and the US, but it is also seeing "remarkable growth" in Japan.

The BMW-owned company plans to hire another 100 employees at its Goodwood plant in West Sussex to meet the extra demand - taking the total workforce to 1,400.

But Mr Mueller-Oetvoes denied the firm - which is celebrating its 110th anniversary this year - would need to open a manufacturing plant overseas to further increase production.

"Rolls-Royce belongs to the UK and will always be produced in the UK," he said.

Rolls-Royce has seen a ten-fold increase in sales in the past decade, from 300 cars in 2003 to 3,630 last year.

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