Magazines
Newsletter
Advertise
Search
The Business Magazine - B2B Business News - Site Logo
The Business Magazine - B2B Business News - Site Logo
The Business Magazine July 2024
Read now
PICK YOUR EDITION

Rolls-Royce to extend manufacturing at Goodwood with £300m investment

The Business Magazine article image for: Rolls-Royce to extend manufacturing at Goodwood with £300m investment
10 January 2025

Rolls-Royce has revealed it was pumping in over £300 million to extend its manufacturing facility at Goodwood, West Sussex to meet growing demand for bespoke models.

The group said it was the single largest injection of capital since the plant opened on January 1, 2003 and would create additional space for its "increasingly complex and high-value" bespoke and coachbuild projects.

It also noted that 2024 had been a record year for bespoke, with a 10 percent increase in content value per motor car year-on-year, the third-best sales result in the company’s history.

The cash will also ready the facility for the marque's transition to an all-battery electric vehicle (BEV) future, it added.

Chris Brownridge, chief executive of Rolls-Royce Motor Cars, said: "2024’s record Bespoke results demonstrate our clients are increasingly drawn to the marque to create ever more ambitious and valuable motor cars, thereby enjoying the exceptional and highly personalised experience that Rolls-Royce ownership unlocks.

"This underscores our commitment to creating value for our clients and those with a stake in our business."

Rolls said that 5,712 motor cars were delivered in 2024 - the third-highest annual sales figure on record.

There was also the introduction of a record four new models last year- the Cullinan Series II and Ghost Series II, together with the respective Black Badge models.

It was also the first full year of sales for Rolls-Royce Spectre, which proved even more popular than expected. The vehicle was the most requested Rolls-Royce model in Europe last year and the second most demanded globally.

In terms of worldwide sales, the firm said, sales presented a balanced picture - led by North America and Europe.

Rolls-Royce Motor Cars concluded that it was looking forward with confidence to 2025 when it will be unveiling its next electric motor car.


Share 

Giles Gwinnett is a writer at The Business Magazine. He has been a journalist for more than 20 years and covered a vast array of topics at a range of media settings - in print and online. After his NCTJ newspaper training, he became a reporter in Hampshire before moving to a news agency in Gloucestershire. In recent years, he has been covering the financial markets along with company news for an investor-focused web portal. His many interests include politics, energy and the environment. He lives in Dorset.

Latest deal ticket

All deals
  • PLATF9RM
    has been bought out of administration by
    Freedom Works
    January 2025
    UNDISCLOSED
    Who's behind the deal?
  • GI Sykes
    has been the subject of an MBO supported by Mercia Debt and Frontier Development Capital
    MBO
    January 2025
    UNDISCLOSED
    Who's behind the deal?
  • Higgs Group
    has sold the Henley Standard to
    Baylis Media
    January 2025
    UNDISCLOSED
    Who's behind the deal?

Events

All events

Related news


Group Titles

Dorset BIZ NewsHampshire BIZ News
crossmenu