Rolls-Royce Motor Cars issues statement following job loss confusion

04/11/2014
Rolls-Royce Motor Cars issued a statement on November 4 to clarify confusion that arose following thea announcement of substantial job losses at engineering firm Rolls-Royce plc, which has issued two profit warnings this year.
 
Rolls-Royce Motor Cars made it clear that it is a completely distinct company from Rolls-Royce plc which manufactures engines for aircraft, ships and land applications. Rolls-Royce Motor Cars is a wholly-owned subsidiary of the BMW Group and commenced business on 1 January 2003, manufacturing super-luxury cars.
 
Rolls-Royce Motor Cars recently announced that it is on track for a record year in 2014. The company is poised to deliver a record of more than 4,000 cars, making 2014 its fifth consecutive record year and the highest in its history.
 
Torsten Müller-Ötvös, Chief Executive Officer, Rolls-Royce Motor Cars, said, “I am very pleased to see that we are on target for another record year. This result is based on a balanced global business picture and is testament to our stated objective of long-term, sustainable growth. Rolls-Royce Motor Cars is a British manufacturing success story and the world’s leading manufacturer of luxury goods.”