Rolls-Royce has a rich history and is known for its high-quality cars. Yet, you do not invest in the cars that the company produces by buying Rolls-Royce shares. BMW now owns the car division of the company. When you invest in Rolls-Royce shares, you invest mainly in the aviation world. But where is the best place to buy Rolls-Royce shares? And what is the current stock price of a Rolls-Royce share?
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Where can you buy Rolls-Royce stocks?
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What is the current stock price of Rolls-Royce?
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In 1904, Charles Royce and Henri Rolls launched the first Rolls-Royce on the market. This 10 HP was the first in a long line of high-quality cars. A Rolls-Royce is known to be indestructible: 65% of all Rolls-Royce ever made is still on the road.
Rolls-Royce also produces engines for aircraft. The first aircraft engine is the Rolls Eagle from 1915. After the Second World War, the company also produces jet engines. In 1971, there were problems with the RB-211 jet engine which caused the company to go bankrupt.
In 1973, the company was split up, as a result of which the profitable car division continued as a separate branch. Rolls-Royce keeps the brand unique by still building the engine of the cars by hand.
The best car in the world
In 1906 Rolls-Royce was named the best car in the world thanks to the production of the Silver Ghost. This car had a 40/50 HP six-cylinder engine. Until 1925, 6125 cars were built, and to keep up with demand, 1701 cars were built at a second Springfield plant in the United States in 1921. This new factory was closed down in 1931.
Cars with the Spirit of Ecstasy
Prestigious car brands often had their mascot around 1910 and Rolls-Royce was no exception. The artist Charles Sykes produced the luxurious mascot Spirit of Ecstacy in the shape of a woman. From now on, all cars of this brand were fitted with this luxurious mascot.
Takeover by BMW and Volkswagen
Both Volkswagen and BMW wanted to take over Rolls-Royce. In 1998, at £30 million, Volkswagen made the highest bid and became the owner of the mascot and radiator grille. BMW became the owner of the logo and the name. In 2003, a deal was made allowing BMW to produce Rolls-Royce cars. In Goodwood, West Sussex, BMW built a new factory for Rolls-Royce.
But what do you actually invest in when you buy Rolls-Royce shares? You then invest in Rolls-Royce Holdings plc, which is a British multinational. The company is engaged in the production of engines for aircraft. They do this so well that they are the third largest manufacturer of aircraft engines in the world. So, when you invest in Rolls-Royce this is what you buy a share in.
Rising sales figures in 2020
Rolls-Royce's sales figures are on the rise, thanks in part to the Cullican. Thanks to this SUV, sales figures have risen sharply and a quarter more cars have been sold than in 2018. In 2018, 4107 cars were sold and in 2019, 5152 cars were sold. One third of this number was sold in the United States. Rolls-Royce does not want to disclose how many Cullican cars were sold in 2019.
The Rolls-Royce company
The automotive division of Rolls-Royce has been taken over by BMW. If you buy Rolls-Royce shares now, you are buying shares in the Rolls-Royce Holding. This company is the second largest aircraft engine manufacturer in the world. Other divisions of the company include marine engines, defence and energy.