• Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcasts
ABOUT
Advertise in GAT
Contact us
Thursday, March 23, 2023
Georgia Asian Times
International Insurance of Georgia
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcasts
  • Login
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcasts
No Result
View All Result
Georgia Asian Times
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcasts
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

Duran Duran to reunite with ex-bandmate Andy Taylor on new project
Lifestyle

Duran Duran to reunite with ex-bandmate Andy Taylor on new project

March 22, 2023
Review: John Wick gets even more stylish in fourth episode
Lifestyle

Review: John Wick gets even more stylish in fourth episode

March 22, 2023
Beloved and debated, French bulldog becomes top US dog breed
Lifestyle

Beloved and debated, French bulldog becomes top US dog breed

March 15, 2023
For Asian Americans, Yeoh, Quan’s Oscar wins are theirs too
Lifestyle

For Asian Americans, Yeoh, Quan’s Oscar wins are theirs too

March 14, 2023
‘Everything’ wins best picture, is everywhere at Oscars
Lifestyle

‘Everything’ wins best picture, is everywhere at Oscars

March 13, 2023
Chanel’s camellias, empty chairs close Paris Fashion Week
Lifestyle

Chanel’s camellias, empty chairs close Paris Fashion Week

March 8, 2023
Next Post

F1 champion Hamilton launches Extreme E team

Signup Free E-Newsletter

Upcoming Events

Apr 7
8:00 am - 3:30 pm

Symposium on Asia-USA Partnership Opportunities (SAUPO) 2023

May 6
9:00 am - 4:00 pm

GAT AAPI Summit 2023

Jul 14
6:00 pm - 10:30 pm

GAT 25 Most Influential Asian Americans in Georgia 2023

View Calendar
Logo

 

CONTACT US

Follow Us

MOST INFLUENTIAL

GAT 25 Most Influential Asian Americans Gala celebrates Asian voice

GAT 25 Most Influential Asian Americans Gala celebrates Asian voice

July 18, 2022

Video highlights of GAT 25 Most Influential Asian Americans in Georgia

July 17, 2022

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

July 17, 2022

LINKS OF INTEREST

ATL Asian Film Festival

     

  • Contact Us
  • Advertise in GAT
  • About
  • Privacy Policy
  • Terms of Use

© 2023 Georgia Asian Times - Empowered by 8SOL. Managed by Arckopolis.

No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcasts

© 2023 Georgia Asian Times - Empowered by 8SOL. Managed by Arckopolis.

Welcome Back!

Sign In with Google
OR

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

Subscribe

Stop scrolling through endless social media feeds for news. Sign up for our website FREE Newsletter and get news that matters to you. We filter out fluff, so you don’t have to.

    Loading
    Loading
    Loading
    Loading
    Loading
    Register for FREE to read the rest of this article, or log in to your account.

      Or Login Here :

      Login

      Are you sure want to unlock this post?
      Unlock left : 0
      Are you sure want to cancel subscription?