LONDON -- Rolls-Royce will be profitable this year despite a sales slump caused by the coronavirus pandemic, CEO Torsten Müller-Ötvös told Automotive News Europe.
The BMW Group-owned brand has not cut jobs and has no plans to do so, making it unique among ultraluxury brands based in the UK. Bentley, McLaren and Aston Martin have all announced job cuts and either posted losses or warned of losses to come due to the pandemic.
Müller-Ötvös couldn't be more specific about the automaker's expected profit because parent BMW Group does not make Rolls-Royce's financial results public.