Luxury Carmaker Rolls-Royce To Build 'All Terrain' Vehicle In First Foray Into SUV Market

Darpan News Desk The Canadian Press, 18 Feb, 2015 11:32 AM

LONDON — Luxury carmaker Rolls-Royce says it will jump into the highly competitive SUV market by offering a completely new all-terrain vehicle.

Chief Executive Officer Torsten Muller-Otvos said Wednesday the announcement marks a "seminal moment in Rolls-Royce's 111-year journey."

Rolls-Royce follows BMW, Porsche, Mercedes-Benz and other high-end carmakers into the lucrative SUV market.

The company has long been known for its stately, expensive sedans and convertibles.

Rolls-Royce says the new aluminum SUV will have exceptional elegance as well as the toughness needed to cross any terrain.

It did not announce a target date for production or the cost of the vehicle.

Prev Next

MORE National ARTICLES

Jersey tossers face fines and one-year bans from all MLSE properties

TORONTO — Three spectators are facing fines and one-year bans from Air Canada Centre after throwing Toronto Maple Leafs jerseys on the ice in a 4-1 loss to the Carolina Hurricanes on Monday night.

Jersey tossers face fines and one-year bans from all MLSE properties

Oil-price collapse to cut $4.3 billion from federal revenues: report

OTTAWA — A new report by the Conference Board of Canada is predicting the oil-price collapse to cut federal revenues by $4.3 billion this year.

Oil-price collapse to cut $4.3 billion from federal revenues: report

IMF drops forecast for Canadian economic growth amid weakened global outlook

OTTAWA — The International Monetary Fund is downgrading its 2015 growth forecast for the Canadian economy as it lowers its overall outlook for global growth.

IMF drops forecast for Canadian economic growth amid weakened global outlook

Aboriginal Affairs bureaucrats offered to bake snacks to save dough: document

OTTAWA — Aboriginal Affairs kiboshed a proposed meeting of all its Ontario staff, who offered to bake their own snacks, gather in a public library and cram onto buses to save a bit of money, a new document shows.

Aboriginal Affairs bureaucrats offered to bake snacks to save dough: document

Liberals blast Harper government confusion over balancing the budget

LONDON, Ont. — A former Liberal finance minister says the Harper government is sending a message of utter confusion when it comes to its management of the economy.