Close Menu
  • Home
  • About
  • News
  • Awards
  • Media & Press
  • Video Podcasts
  • Magazines
  • Events
  • Contact
Facebook X (Twitter) Instagram
Gazet International – Global Magazine
AWARD NOMINATION
  • Home
  • About
  • News
  • Awards
  • Media & Press
  • Video Podcasts
  • Magazines
  • Events
  • Contact
You are at:Home » Bentley reports lowest revenue since 2020 amid tough global market
Business

Bentley reports lowest revenue since 2020 amid tough global market

Gazet InternationalBy Gazet InternationalMarch 19, 20252 Mins Read
Facebook Twitter LinkedIn
Bentley
Share
Facebook Twitter LinkedIn

Bentley posted its lowest annual revenue since 2020 due to a tough global market in 2024. The COVID pandemic struck in 2020. However, the British luxury automaker stated it was pursuing “value over volume” with revenue per car up 10% compared to 2023.

The Volkswagen unit reported a 2024 operating profit of 373 million euros ($407 million). This is a 37% decrease from the 589 million euros earned the previous year.

Revenue fell 10% to 2.648 billion euros. In 2023, revenue was 2.938 billion euros.

CEO Frank-Steffen Walliser told reporters that the company would no longer disclose car sales figures publicly.

However, he said Bentley’s revenue per car had reached record levels because high-end customers continue to invest in bespoke features, sharply raising the price and profit margin.

“This is a very clear indicator that we put value over volume,” Walliser said.

Executives cited a recent limited edition vehicle painted rose gold. This vehicle featured up to 210 grams of 3D printed hallmarked 18-karat rose gold at key driver touchpoints inside the car.

Walliser emphasized that the luxury market in China, a key country for Bentley sales, remains “quite challenging.”

CFO Jan-Henrik Lafrentz stated that Bentley would pass on the cost to consumers if U.S. President Donald Trump implements 25% tariffs on cars.

“We are assessing different scenarios on how to handle it, but it will be finally passed on to the consumer,” Lafrentz said.

Lafrentz said recent stock market turmoil and fears of a possible U.S. recession have not yet impacted sales.

“We don’t see it in the order book yet,” he said.

Bentley will launch its first electric car in 2026. The company plans to release a new electric or hybrid model every year for the next decade, aiming to become all-electric by 2035.

Click here for more Business news.

SOURCe
#AutomotiveIndustry #Bentley #GAZETINTERNATIONAL #GI #GIAWARDS #LuxuryCars
Share. Facebook Twitter LinkedIn
Previous ArticleMorgan Stanley to cut 2,000 jobs to reduce costs, source says
Next Article GM to use Nvidia AI for vehicle and factory automation

Related Posts

Universal’s New Epic Universe Theme Park Set to Rival Disney in Florida

May 23, 2025

Jamie Dimon Cautions on Stagflation Threat Amid Ongoing U.S. Economic Uncertainty

May 23, 2025

Bitcoin Hits Record High Amid Renewed Optimism in Crypto Market

May 23, 2025
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • LinkedIn
Don't Miss

Dr. Ashok Kumar Mittal Joins Indian Parliamentary Delegation to Russia​

Dr. Ashok Kumar Mittal Joins Indian Parliamentary Delegation to Russia​

MAHE and BPL Medical Technologies Forge Strategic Partnership to Advance Medical Device Innovation​

Research Investigates Walnuts’ Role in Reducing Inflammation and Colon Cancer Risk​

Recent Posts
  • Dr. Ashok Kumar Mittal Joins Indian Parliamentary Delegation to Russia​
  • Dr. Ashok Kumar Mittal Joins Indian Parliamentary Delegation to Russia​
  • MAHE and BPL Medical Technologies Forge Strategic Partnership to Advance Medical Device Innovation​
  • Research Investigates Walnuts’ Role in Reducing Inflammation and Colon Cancer Risk​
  • Axis Max Life Achieves Highest-Ever Claims Paid Ratio of 99.70% in FY25; Surpasses 99% Benchmark for Sixth Consecutive Year​
Recent Comments
    Archives
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • October 2023
    • September 2023
    • January 2021
    Categories
    • Banking
    • Blog
    • Business
    • Corporate
    • Editor's Column
    • Events
    • Executive Spotlight
    • Finance and Investing
    • Lifestyle
    • magazine
    • podcast
    • Press Release
    • Technology
    • World
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    About

    GAZET INTERNATIONAL


    Gazet International Magazine is a global entity that works towards providing latest information and news updates of the world. It entraps latest stories in banking, finance, lifestyle and various beats of the world. We engage in recognizing and rewarding the global organizations for their achievements in various fields and deliver justice to the nominees with valued identification and recognition of companies that indulge in the Gazet Award Ceremony.

    Facebook X (Twitter) Instagram YouTube LinkedIn
    Categories
    • Banking
    • Blog
    • Business
    • Corporate
    • Editor's Column
    • Events
    • Executive Spotlight
    • Finance and Investing
    • Lifestyle
    • magazine
    • podcast
    • Press Release
    • Technology
    • World
    Latest posts
    Press Release

    Dr. Ashok Kumar Mittal Joins Indian Parliamentary Delegation to Russia​

    May 24, 2025
    Press Release

    Dr. Ashok Kumar Mittal Joins Indian Parliamentary Delegation to Russia​

    May 24, 2025
    Press Release

    MAHE and BPL Medical Technologies Forge Strategic Partnership to Advance Medical Device Innovation​

    May 24, 2025
    Press Release

    Research Investigates Walnuts’ Role in Reducing Inflammation and Colon Cancer Risk​

    May 23, 2025
    1 2 3 … 747 Next
    Official Partner

    7ITS NEWS

    Copyright © 2025. Gazet International

    Type above and press Enter to search. Press Esc to cancel.