video Finance Videos
Luxury carmakers look beyond China
Wednesday, September 16, 2015 - 01:46
British carmaker Rolls-Royce has admitted it will sell fewer cars in 2015 as luxury carmakers deal with a cooling China. But as Hayley Platt reports Lamborghini is confident it can buck the trend.
▲ Hide Transcript
▶ View Transcript
It's the ultimate status symbol for many but Rolls Royce isn't immune to every slowdown. Despite launching Dawn - a convertible aimed at women and younger drivers - the British carmaker will sell fewer vehicles in 2015 than last year. Sales to July were down 10%. And growth in other markets - like the U.S. and the Middle East - will only offset some of the decline in China. Torsten Müller-Ötvös is CEO of the BMW-owned brand. (SOUNDBITE) (English) CEO, ROLLS ROYCE, TORSTEN MÜLLER-ÖTVÖS, SAYING: "I am surprised how quick that went down, we hadn't expected that so we see that of course, we feel it, it's not that we are immune against any recessionary tendencies in Rolls Royce." Not all luxury car makers are worried about China. Italy's Lamborghini - owned by Volkswagen - expects to hit record sales this year after strong demand for its latest model Huracan. It's also planning to launch an SUV in 2018 CEO is Stefan Winklemann (SOUNDBITE) (English) CEO, LAMBORGHINI, STEFAN WINKLEMAN, SAYING: "We think that the brand is ready for the next step, we want to double the volume by doing it will be always a super sports car amongst the SUV's." Low oil prices are currently helping car makers. And there's another positive factor too, says Randy Miller from Global Automotive Leader, (SOUNDBITE) (English) RANDY MILLER, GLOBAL AUTOMOTIVE LEADER, EY, SAYING: "I think the launch of these luxury vehicles along with performance vehicles, along with SUV's just again show's a great opportunity in the market, driven a bit by money still being easily had to finance the vehicles." Luxury doesn't come cheap though - you won't get a Rolls-Royce or a Lamborghini for less than 180,000 pounds.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Luxury carmakers look beyond China
Wednesday, September 16, 2015 - 01:46
Top News »
9:23pm BST - (1:26)
5:54pm BST - (3:52)
2:34pm BST - (1:00)
11:17am BST - (1:12)
12:44am BST - (3:07)
Wed, 18 Oct, 2017 - (1:07)
Wed, 18 Oct, 2017 - (1:31)
Wed, 18 Oct, 2017 - (3:08)
Wed, 18 Oct, 2017 - (1:06)
Wed, 18 Oct, 2017 - (1:25)
Wed, 18 Oct, 2017 - (1:16)
Tue, 17 Oct, 2017 - (4:21)
Editors' Picks »
Wed, 18 Oct, 2017 - (2:06)
Tue, 17 Oct, 2017 - (1:47)
Mon, 16 Oct, 2017 - (1:27)
Mon, 16 Oct, 2017 - (1:04)
Sun, 15 Oct, 2017 - (1:46)
Fri, 13 Oct, 2017 - (1:13)
Fri, 13 Oct, 2017 - (2:24)
Thu, 12 Oct, 2017 - (1:05)
Thu, 12 Oct, 2017 - (2:01)
Wed, 11 Oct, 2017 - (1:18)
Wed, 11 Oct, 2017 - (1:32)
Tue, 10 Oct, 2017 - (2:41)
Most Popular »
Wed, 18 Oct, 2017 - (0:33)
10:35am BST - (2:11)
4:38pm BST - (1:28)
Fri, 13 Oct, 2017 - (5:12)
Wed, 18 Oct, 2017 - (0:52)
Thu, 17 Aug, 2017 - (2:46)
10:45am BST - (1:53)
3:23pm BST - (1:04)
1:00pm BST - (2:07)
Wed, 18 Oct, 2017 - (8:02)
Wed, 18 Oct, 2017 - (1:47)
Wed, 18 Oct, 2017 - (2:02)
Business »
10:14pm BST - (2:05)
10:19pm BST - (1:08)
10:17pm BST - (1:48)
Wed, 11 Oct, 2017 - (5:52)
Mon, 16 Oct, 2017 - (4:43)
3:28pm BST - (1:49)
1:23pm BST - (1:47)
2:18pm BST - (2:11)
Wed, 18 Oct, 2017 - (1:49)
Wed, 18 Oct, 2017 - (1:27)
Wed, 18 Oct, 2017 - (1:06)
Wed, 18 Oct, 2017 - (1:37)
Featured Videos
Spanish paraglider becomes part of a natural phenomenon of starlings
Paraglider Horacio Llorens became part of a flock of starlings to embrace his dream of flying like a bird
Europe's largest freshwater aquarium opens in Switzerland
It houses 10,000 fish and 100 reptiles, that are almost exclusively endangered or threatened species
Bearing up well - Duchess of Cambridge dances with Paddington
Pregnant royal Kate dances with the famous bear at a charity event at London's Paddington station
Mice with green feet demonstrate CRISPR gene editing technology
British scientists are testing cutting edge gene editing techniques in mice, by inserting a jelly fish gene that makes their skin green
Virgin backs 'Hyperloop One'
British billionaire Richard Branson has announced his Virgin Group will become a partner in ''Hyperloop One'', a super train conceptualized by Elon Musk to ferry passengers from New York to Washington, D.C. in less than an hour
Technology »
Wed, 18 Oct, 2017 - (1:13)
Wed, 18 Oct, 2017 - (0:44)
Tue, 17 Oct, 2017 - (1:44)
Tue, 17 Oct, 2017 - (1:57)
Mon, 16 Oct, 2017 - (1:30)
Mon, 16 Oct, 2017 - (2:21)
Fri, 13 Oct, 2017 - (1:54)
Fri, 13 Oct, 2017 - (1:51)
Thu, 12 Oct, 2017 - (1:22)
Wed, 11 Oct, 2017 - (1:32)
Tue, 10 Oct, 2017 - (2:12)
Tue, 10 Oct, 2017 - (2:07)
Entertainment »
4:28pm BST - (1:35)
9:24am BST - (1:57)
2:51am BST - (0:45)
1:56am BST - (1:37)
Wed, 18 Oct, 2017 - (1:13)
Wed, 18 Oct, 2017 - (1:06)
Wed, 18 Oct, 2017 - (1:15)
Wed, 18 Oct, 2017 - (1:01)
Wed, 18 Oct, 2017 - (2:03)
Wed, 18 Oct, 2017 - (1:44)
Tue, 17 Oct, 2017 - (1:07)
Tue, 17 Oct, 2017 - (1:44)
Sports And Leisure »
Wed, 18 Oct, 2017 - (1:16)
Wed, 18 Oct, 2017 - (1:02)
Tue, 17 Oct, 2017 - (1:32)
Tue, 17 Oct, 2017 - (1:20)
Tue, 17 Oct, 2017 - (1:51)
Tue, 17 Oct, 2017 - (0:48)
Tue, 17 Oct, 2017 - (1:44)
Tue, 17 Oct, 2017 - (0:47)
Tue, 17 Oct, 2017 - (2:54)
Mon, 16 Oct, 2017 - (1:27)
Mon, 16 Oct, 2017 - (1:36)
Sun, 15 Oct, 2017 - (2:32)
Oddly Enough »
4:46pm BST - (0:55)
2:32pm BST - (0:53)
Wed, 18 Oct, 2017 - (1:43)
Wed, 18 Oct, 2017 - (1:37)
Tue, 17 Oct, 2017 - (0:49)
Tue, 17 Oct, 2017 - (1:04)
Mon, 16 Oct, 2017 - (1:25)
Wed, 11 Oct, 2017 - (1:09)
Tue, 10 Oct, 2017 - (1:32)
Mon, 09 Oct, 2017 - (1:00)
Fri, 06 Oct, 2017 - (1:43)
Thu, 05 Oct, 2017 - (1:53)
Dateline Asia »
11:52am BST - (1:51)
Wed, 18 Oct, 2017 - (2:10)
Wed, 18 Oct, 2017 - (2:03)
Tue, 17 Oct, 2017 - (2:14)
Mon, 16 Oct, 2017 - (1:54)
Tue, 17 Oct, 2017 - (2:08)
Mon, 16 Oct, 2017 - (2:07)
Thu, 12 Oct, 2017 - (2:12)
Thu, 12 Oct, 2017 - (2:00)
Wed, 11 Oct, 2017 - (2:00)
Tue, 10 Oct, 2017 - (2:22)
Mon, 09 Oct, 2017 - (1:59)