auto news desk, Rolls-Royce is one of the most iconic luxury car brands in the world. The company was founded in 1904 by Charles Rolls and Henry Royce. Since then it has remained synonymous with luxury. Rolls-Royce has gone through many changes during its long history, it has also changed its ownership but one thing has never changed and that is the luxury it offers in its cars. It remains the symbol of luxury cars.
Currently, the Rolls-Royce Company is owned by the BMW Group, a German multinational corporation. The BMW Group is known for manufacturing luxury vehicles, motorcycles and engines. BMW acquired Rolls-Royce in a deal in 1998. As part of the agreement, BMW acquired the rights to the Rolls-Royce name and its logo. He also got the right to use the Spirit of Ecstasy symbol.
Prior to the acquisition of Rolls-Royce by BMW, the brand was owned by Vickers plc, a British engineering and manufacturing company. Vickers bought Rolls-Royce in 1980, but was struggling to make a profit from the luxury car brand. In 1998, Vickers sold Rolls-Royce to Volkswagen Group, which in turn sold the rights to BMW. Despite the change in ownership, Rolls-Royce remains a symbol of luxury. The brand’s signature Phantom, Ghost and Wrath models are among the costliest luxury cars in the market. Rolls-Royce produces not only luxury cars but also high-performance engines for aircraft and ships.