Bentley sales and profits up again
Bentley remains well and truly on its A-game, following its best-ever financial performance in 2021 with a strong showing in the first quarter of 2022.
Standout figures include a 162% year-on-year increase in operating profits to £144.6 million, a 35% year-to-date sales increase and a huge boost in revenue per car from £157,000 to £181,000, making for a 21% return on each car sold.
CEO Adrian Hallmark said the figures “suggest even more promise for the transformational years ahead”, during which the British brand will launch a new EV every year from 2025 to 2030.
Lexus looks beyond cars for hydrogen
Toyota is one of just two brands with a hydrogen fuel cell-powered electric car on sale, the Mirai, but is sibling marque Lexus as gassed up about hydrogen’s potential?
Its European boss, Spiros Fotinos, told Autocar: “We’re committed to hydrogen as a technology, but when we say it, we look beyond the execution in terms of how we understand it today, which tends to be thinking about the Mirai.”
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'Bentley's Soaring Sales' is the headline, and kudos to Bentley for acheiving those sales. But I cannot help but feel this statement says a lot about how our society is evolving? More people with so much more, more people with so much less?