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Rolls-Royce upbeat on ME despite 10% sales dip
March 7, 2010
Luxury car maker Rolls-Royce saw its sales in the Middle East dip 10 percent in 2009 but the company said it remains upbeat about the region.
Outgoing CEO Tom Purves told Arabian Business that he expected to see growth back to double figures within the next three to four years.
"2008 was a record year for us and in 2009 we had a drop in sales," he said in his last interview in the Middle East before he retires next month.
Global sales dropped by 17 percent last year and the Middle East saw a drop of 10 percent, said Purves, who believed the collapse of Lehman Brothers was the main catalyst for the drop in sales.
Original Posting At: ArabianBusiness
Outgoing CEO Tom Purves told Arabian Business that he expected to see growth back to double figures within the next three to four years.
"2008 was a record year for us and in 2009 we had a drop in sales," he said in his last interview in the Middle East before he retires next month.
Global sales dropped by 17 percent last year and the Middle East saw a drop of 10 percent, said Purves, who believed the collapse of Lehman Brothers was the main catalyst for the drop in sales.
Original Posting At: ArabianBusiness
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