Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
Rolls-Royce Group plc is a British company specializing in the manufacture of equipment for aviation, ships and power equipment.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackA large Moscow dealer brought a Rolls-Royce Cullinan crossover from Great Britain. The car returned to the Russian market under the scheme of parallel import. Boeing and Rolls-Royce hired lobbyists in the US Congress to block sanctions against Russia. Despite the decline of the Russian car market, demand for luxury cars has grown sharply, in particular, for Rolls-Royce and Ferrari. The leader of the premium segment was the Rolls-Royce brand - 100 cars were sold in six months, which is 56% more than a year earlier. Despite the fact that official deliveries of luxury brands to Russia were stopped in 2022, cars continue to enter the country through parallel imports.
Promised to suspend operations in Russia. But in 2023, 43 Lamborghinis, 30 Bentley Bentaygas, 32 Rolls-Royce Cullinans and nine Ferrari Romas were bought in Russia. Ceased to receive local income in Russia in 2023. At the same time, Rolls-Royce sales in Russia have skyrocketed by 40% in a year.