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MENA Financial Directory
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Quick Poll
Are Takaful companies likely to see significant writedowns in 2010 as a result of real estate investments?
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Business Lifestyle
Bentley prices rise in the UK
Says decision driven by the falling value of Sterling. To increase price of all models in the UK by five per cent from start of April. Increase will apply to all new orders received after 31 March.
The continued weakness of Sterling against the Euro, has forced Bentley Motors to increase the price of all its models within the UK by five per cent from the start of April 2009. The price increase will apply to all new orders received after 31 March.
"We are reacting to the continued very low value of Sterling against the Euro”, said Stuart McCullough, Board Member for Sales & Marketing. “As a UK business with much of our component costs based in Euros, we have to address the fact that our costs have increased significantly given Sterling’s dramatic decline."
“A five per cent price increase at a time of reduced demand and therefore reduced production may seem counter-intuitive”, said McCullough, “but Sterling has depreciated by over 18 per cent against the Euro over the last 12 months. It has therefore proved increasingly difficult to absorb the negative effect of these increased costs on our business.”
“Sales to the Euro-zone provide us with a natural hedge against our Euro-denominated costs, so we are able to avoid any price increases in other European markets.”
Other overseas market pricing is unaffected.
UK Prices Applying From April 2009 RRP inc. 15 per cent vat
Continental GT £123,800 ($176,724)
Continental GT Speed £141,300
Continental Flying Spur £120,700
Continental Flying Spur Speed £137,000
Continental GTC £136,200
Continental GTC Speed £153,400
Arnage R £173,100
Arnage T £183,100
Arnage Final Series £200,400 ($286,071)
Arnage RL £201,400
Azure T £245,000
Brooklands £236,400
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