• Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy
ABOUT
Advertise in GAT
Contact us
Sunday, July 3, 2022
Georgia Asian Times
International Insurance of Georgia
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy
No Result
View All Result
Georgia Asian Times
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
Home Lifestyle

Rolls-Royce launches new Ghost amid virus worries

Georgia Asian Times by Georgia Asian Times
September 8, 2020
in Lifestyle
Share on FacebookShare on Twitter

London, Sept 2, 2020 — Rolls-Royce launched its eagerly-awaited new “Ghost” model yesterday, even as the luxury carmaker's chief warned that coronavirus would impact the automotive market for several years.

The new model, complete with a 6.75-litre twin-turbo V12 engine, minimalist design, and even a branded umbrella, will cost some £222,000.

Nevertheless, the lure of a new status symbol car for the super-rich would not be enough to soften the blow of the pandemic in the short-term, the group warned.

“We expect Covid-19 to remain (a difficulty) for some time, until a vaccine is available.” said Rolls-Royce Managing Director Torsten Mueller-Oetvoes in a telephone interview.

AD: High Museum of Atlanta

“In the medium term, I would say within three years, we should be back to normal, and even better than normal.”

Like the rest of the car market, luxury brands have suffered during the pandemic, and Rolls-Royce is no exception.

“Of course we have been affected,” said Mueller-Oetvoes.

“On the one hand, many of our partners around the world, our dealers, have been forced to close,” while at the same time “we have seen a large number of potential customers reconsider their purchasing decision,” he said.

Rating agency Moody's has forecast a fall of 14 per cent in the global automotive market this year.

A rebound was “likely” in 2021, but Moody's cautions that that depends on how quickly the pandemic reaches its peak.

‘Cautiously optimistic'

In the first half of this year, Rolls-Royce's sales fell by 30 per cent compared with the same period in 2019, said Mueller-Oetvoes, but pointed out that last year was a “record” year.

However, he noted that Rolls-Royce had not implemented any lay-offs during the pandemic and remained “cautiously optimistic” for next year.

The launch comes at an interesting time for Rolls-Royce, which has sought in recent years to reposition itself in the market.

“We have massively rejuvenated the brand over the past 10 years and the average age of our customers is 43,” said Mueller-Oetvoes.

Founded at the beginning of the 20th century, the emblematic British brand was bought by German car giant BMW in 1998.

And as well as the coronavirus, Rolls-Royce faces another immediate challenge — Brexit.

As fears over a potential “no deal” between Britain and the European Union increase, Mueller-Oetvoes also voiced concern about the prospect of a British exit from the EU without an agreement.

With 600 suppliers worldwide, “my greatest concern is to see a disrupted supply chain,” he said.

Despite that, he said Rolls-Royce was “fully prepared” for any eventuality.

Previous Post

Pulled in many directions, Biden may keep Trump’s China tariffs in place

Next Post

F1 champion Hamilton launches Extreme E team

Georgia Asian Times

Georgia Asian Times

Related Posts

With ‘Thirteen Lives’ Ron Howard revisits Thai cave rescue
Lifestyle

With ‘Thirteen Lives’ Ron Howard revisits Thai cave rescue

June 29, 2022
Kenzo channels preppy, Celine goes for razzmatazz in Paris
Lifestyle

Kenzo channels preppy, Celine goes for razzmatazz in Paris

June 27, 2022
Layering, statement denim hit Paris Fashion Week
Lifestyle

Layering, statement denim hit Paris Fashion Week

June 24, 2022
Airport chaos: European travel runs into pandemic cutbacks
Lifestyle

Airport chaos: European travel runs into pandemic cutbacks

June 23, 2022
Ruth Ozeki’s ‘Book of Form and Emptiness’ wins Women’s Prize
Lifestyle

Ruth Ozeki’s ‘Book of Form and Emptiness’ wins Women’s Prize

June 16, 2022
Victim of pandemic, Hong Kong floating restaurant towed away
Lifestyle

Victim of pandemic, Hong Kong floating restaurant towed away

June 15, 2022
Next Post

F1 champion Hamilton launches Extreme E team

Signup Free E-Newsletter

Upcoming Events

Jul 15
6:00 pm - 10:00 pm

GAT 25 Most Influential Asian Americans in Georgia-2022 Awards Gala

Sep 17
September 17 @ 11:00 am - September 18 @ 6:00 pm

JapanFest 2022

View Calendar

 

CONTACT US

Follow Us

MOST INFLUENTIAL

GAT 25 Most influential Asian American in Georgia Awards Gala

2022 GAT 25 Most Influential Asian Americans in Georgia

May 1, 2022
Home

Record turnout at annual GAT 25 Most Influential Asian Americans in Georgia-Awards Gala

July 17, 2021

2021 GAT 25 Most Influential Asian Americans in Georgia

April 30, 2021

LINKS OF INTEREST

ATL Asian Film Festival

GAT on Facebook

  • Contact Us
  • Advertise in GAT
  • ABOUT

© 2022 Georgia Asian Times - empowered by 8SOL

No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy

© 2022 Georgia Asian Times - empowered by 8SOL

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist