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Rolls Royce was a British luxury car and later an aero-engine manufacturing business established in 1904 in Manchester, the United Kingdom, by the partnership of Charles Rolls and Henry Royce. Building on Royce's reputation established with his cranes, they quickly developed a reputation for superior engineering by manufacturing the "best car in the world." The First World War brought them into manufacturing aero-engines. Joint development of jet engines began in 1940, and they entered production. Rolls Royce has built an enduring reputation for developing and manufacturing engines for defense and civil aircraft.
In the late 1960s, Rolls Royce was adversely affected by the mismanaged development of its advanced RB211 jet engine and consequent cost over-runs, though it ultimately proved a great success. In 1971, the owners were obliged to liquidate their business. The useful portions were bought by a new government-owned company named Rolls Royce (1971) Limited which continued the core business but sold the holdings in British Aircraft Corporation (BAC) almost immediately and transferred ownership of the profitable but now financially insignificant car division to Rolls Royce Motors Holdings Limited, which it sold to Vickers in 1980. Rolls Royce obtained consent to drop 1971 from its name in 1977.
The Rolls Royce business remained nationalized until 1987 when, after renaming the owner Rolls Royce plc, the government sold it to the public. Rolls Royce plc still owns and operates Rolls Royce's principal business, though, since 2003, it is technically a subsidiary of listed holding company Rolls Royce Holdings. A marketing survey in 1987 showed that only Coca-Cola was a more widely known brand than Rolls Royce.
All would be badged as Rolls-Royces and be sold exclusively by Rolls. The first Rolls Royce car, the Rolls Royce 10 hp, was unveiled at the Paris Salon in December 1904. At this time, Rolls Royce employed 80,000 people, and it was Britain's 14th largest company in terms of manpower.
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Last updated on Aug 27, 2024
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Rolls Royce Wallpapers
2.0.0 by bloodygorgeous
Aug 27, 2024