Rolls-Royce CEO sees strong growth in Asia

Article by Anita Panait, on October 14, 2013

Torsten Müller-Ötvös, chief executive of Rolls-Royce Motor Cars, observed strong growth across Asia following a tour of this part of the world. Rolls-Royce's CEO had his last stop in Manila, Philippines, where he led a ceremony marking the start of the carmaker's operations in the country. There are strong early indications in the Philippines, which recently has seen its number of individuals with ultra-high net worth increase in double digits.

Prior to his Manila trip, Müller-Ötvös was in Singapore gracing the carmaker's significantly expanded showroom. Rolls-Royce has regarded the expansion into new and emerging markets as an important part of its sustainable growth plans. The carmaker has posted strong growth in Japan in the first nine months of 2013, thanks to the growing consumer confidence in the country.

Rolls-Royce has expanded its operations into Osaka and recently moved to a larger, premium space in Tokyo. The number of ultra-high net worth individuals in Japan grew by 11 percent, thanks to economic measures undertaken by the Japanese government.

Rolls‑Royce Motor Cars also logged strong growth in China both in the third quarter and in the first nine months of 2013, despite negative market sentiment in the mass-luxury segment. The carmaker's growth in the country has been attributed to sustained demand for Phantom and Ghost models as well as gains in the number of customers commissioning Bespoke Rolls-Royce motor cars.

“I am delighted to report very pleasing growth across Asia. Continuing success in existing markets and successfully executed entry into emerging territories forms a key part of our long-term sustainable growth plans,” said Torsten Müller-Ötvös, Chief Executive, Rolls-Royce Motor Cars, speaking from Tokyo today. [source: Rolls-Royce]

Topics: rolls-royce, ceo, asia

If you liked the article, share on:

Comments

Recommended

Bimmerpost has posted several cool pictures of the new BMW G30 540i and the new G31 generation BMW 5-Series Touring, with both wearing the brilliant Rhodonite Silver Individual colour. The...
by - October 23, 2017
A few years ago, Lotus tried to take on Porsche. They had a five-car plan to go against competitors like Ferrari and Aston Martin. Though it did not go well,...
by - October 23, 2017
To keep the Nissan Maxima interesting, the Japanese automaker gives the 2018 model year a number of small tweaks. Some of these include standard Android Auto, which is a new...
by - October 23, 2017
It looks as if Chevrolet has everything planned out in terms of production. Firstly, they have plans of introducing the Corvette ZR1 in a few months, which will then be...
by - October 23, 2017
While Tesla Motors continues to struggle with regards to the assembly of its much awaited Tesla Model 3, investment firm Oppenheimer & Co. is confident that its previous production estimates...
by - October 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries