Rolls-Royce looking to raise prices as it moves to electric vehicles
The Straits Times|July 30, 2022
This is to ensure the brand stays rare and is not seen at every street corner, says its CEO
Christopher Tan
Rolls-Royce looking to raise prices as it moves to electric vehicles

Following record sales despite a pandemic, BMW-owned British

luxury carmaker Rolls-Royce Motor Cars is looking to raise its stratospheric prices even higher.

Mr Torsten Muller-Otvos, appointed by the German group in 2010 to head the marque headquartered in Goodwood, England, told The Straits Times in an interview this week that this was to ensure that Rolls-Royce “isn’t seen at every street corner”.

“One thing for sure, we will not lower our price position,” said the 62-year-old when asked if the company would make a smaller sport utility vehicle after the successful Cullinan.

“We would never do that for the sake of chasing volume. We are not chasing any volume.

This story is from the July 30, 2022 edition of The Straits Times.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the July 30, 2022 edition of The Straits Times.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM THE STRAITS TIMESView All
NORRIS RIDES A WAVE OF SUPPORT
The Straits Times

NORRIS RIDES A WAVE OF SUPPORT

Briton gets congratulations from peers and politicians after breakthrough win in Miami

time-read
3 mins  |
May 07, 2024
I DIDN'T WANT TO GO HOME: MITCHELL
The Straits Times

I DIDN'T WANT TO GO HOME: MITCHELL

Cavs’ Game 7 hero says they are in play-offs to win and will be ready for the Celtics

time-read
3 mins  |
May 07, 2024
SPEECH INSPIRES ACS(I) TO VICTORY
The Straits Times

SPEECH INSPIRES ACS(I) TO VICTORY

‘Psyched up’ by the sidelined Jeremiah, they beat St Andrew’s to regain B Div rugby title

time-read
3 mins  |
May 07, 2024
KRANJI'S VERY BIG 220 SURPRISE
The Straits Times

KRANJI'S VERY BIG 220 SURPRISE

Stunner saves Class 5 dweller from M’sia trip, gives Espindola 100 per cent record

time-read
3 mins  |
May 07, 2024
Expanding global outreach among priorities for SICCI as it turns lOO
The Straits Times

Expanding global outreach among priorities for SICCI as it turns lOO

Digitalisation and sustainability are two other focus areas for trade association

time-read
2 mins  |
May 07, 2024
The Straits Times

Indonesia's QI GDP growth beats forecasts but outlook uncertain

Keeping strong pace will be hard due to tight local monetary policy, global factors

time-read
2 mins  |
May 07, 2024
Qantas to pay $89m penalty over 'ghost flights'
The Straits Times

Qantas to pay $89m penalty over 'ghost flights'

Aussie airline will also compensate those who bought tickets on flights already axed

time-read
2 mins  |
May 07, 2024
Luxury watch investment firm found to be in breach of contract
The Straits Times

Luxury watch investment firm found to be in breach of contract

A company founded by Singaporean watch expert Dominic Khoo that runs a luxury timepiece investment scheme has been found by the High Court to have breached its contractual obligations to five investors from Hong Kong.

time-read
3 mins  |
May 07, 2024
The Straits Times

Jail for scam mastermind who cheated company director of 1.5m

Man who devised loan ruse to dupe victim into handing over sum gets 5-year sentence

time-read
3 mins  |
May 07, 2024
End of an era
The Straits Times

End of an era

Thambi Magazine Store in Holland Village closes down after more than 80 years

time-read
3 mins  |
May 07, 2024