Volkswagen
is planning to expand production of Bentley cars, the Financial Times reported.
VW, which has owned the Group for three years, expects to boost production
levels from 2,000 to 9,000 per year over the next three years via a £600
million ($US890 million) investment programme.
Go deeper with GlobalData
Quoting Bentley Motor Cars chief executive Tony Gott, the FT said that Bentley
does not see 9,000 a year as a “limiting factor.” Gott added that further expansion
could be undertaken “without taking Bentley down market.”
Around £500m is already being invested in new models, and nearly £100m
on installing new research, development, engineering facilities alongside doubling
the size of assembly buildings. Employment is set to rise by between 1,000 and
3,500 over the next two to three years at the Bentley factory in Crewe, Cheshire,
the FT said.
Executives at the luxury car-maker, which currently builds both Rolls-Royce
and Bentley models, are said to be considering other niches of the global car
market in which Bentley could compete. Areas reported to be under consideration
include very high performance “supercars” and luxurious four-wheel drive recreational
vehicles.
Engineering Group Vickers sold Bentley to VW three years ago as the largest
part of its Rolls Royce purchase for £478m.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataHowever, Rolls-Royce Aerospace owns the brand name Rolls-Royce not Vickers,
and has licensed the name to Germany’s BMW to use from January 1, 2003. Production
of the Rolls Royce will cease at Crewe next year, with BMW set to build an all-new
Rolls-Royce at a Greenfield factory in Sussex, south-east England, for a launch
pencilled in at the start of 2003, says the FT.
