Rolls-Royce is in ‘very healthy profit’ and on schedule to sell 4000 cars this year, which would be a record for the brand under BMW ownership.
Although BMW does not break out the financial results for its super-luxury division, it’s estimated that the maker will bank around £500m in profit for 2014.
This is remarkable turnaround for a company that sold just 1002 cars in 2009 and, effectively, a quadrupling of the size of the maker in just five years.
A Rolls-Royce source told Autocar that the Goodwood-based company is now financing its own product development from profits and if it went ahead with an SUV model it would not need to draw funds from the BMW Group to pay for the project.
First of the ground-up new, self-financing, models is the next-generation Phantom, for which engineering work is currently underway.
The source also revealed that serious sketching work began on the Rolls-Royce SUV earlier this year: “The early design sketches – which we viewed on the design studio’s power wall – showed just how challenging it is to re-imagine a Rolls Royce in the SUV format. However, the most recent design work is showing great promise”.