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Rolls-Royce says demand for luxury cars is recovering

Tue, 1st Sep 2020 17:20

LONDON, Sept 1 (Reuters) - The chief executive of
Rolls-Royce said demand for his company's luxury cars is
rebounding, helped by sales in Asia, and he is optimistic about
the outlook for next year after the coronavirus pandemic hit
consumer confidence and closed dealerships.

Torsten Muller-Otvos said the demand meant Rolls-Royce
Holdings Plc was the first car company to resume car
production in the United Kingdom on May 4.

"We see a very fruitful business now coming back from Asia,
also Europe is coming back on track, the Americas just delivered
an excellent July result and August result," the boss of the
BMW-owned Rolls-Royce Motor Cars told Reuters.

"I am quite optimistic looking into 2021, particularly on
the back of a very strong order bank we have already on our
books."

Muller-Otvos said his company has no plans to move
production out of the United Kingdom because of Brexit.

"We are committed to Britain. I would even call us being
part of the British industrial crown jewels," he said. "For that
reason, Rolls-Royce belongs to Britain."

(Reporting by Gerhard Mey; Editing by Lisa Shumaker)

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