logo
Bentley CEO: The UAE is our market for super exclusive, special cars

Bentley CEO: The UAE is our market for super exclusive, special cars

The National12-02-2025

'You have full world competition here,' says Bentley chief executive Frank-Steffen Walliser referring to the fact the UAE's roads are home to cars from Europe, the US, China and beyond. 'It's one of not a lot of places in the world where cars come from everywhere. It's more or less very open,' he says. 'This really reflects a super competitive market.' As for where Bentley fits into the market, he's very clear: 'In the UAE, we are doing very, very well. We see stability but also growth potential for the upcoming years." Walliser is in Dubai for the first time since taking over the role of chairman and chief executive at Bentley Motors in July. He's no stranger to the brand's parent company, Volkswagen Group, coming off a storied career at Porsche, where he started his journey in 1995. At Porsche, he managed its all-important 911 and 718 product lines and was also responsible for the 918 Spyder super sports car, an extremely high-performance hybrid. All experiences that will help him shepherd Bentley through its next phase. One aspect of Bentley that will be new to Walliser is the sheer number of possibilities for customisation for each model, which is a key driver of demand in the region. 'I think in our segment, the total sales numbers are not that important," he says. "For sure you need a certain volume, but what we see is the quality of the cars. The customers here are keen on having a personalised car. 'We fly in some of our designers, so they sit together with the customer for three or four hours and do the specification of the car. But then it's definitely their car. You can do so many things with a Bentley. We make everything possible. The customers are sometimes surprised by what we can do. 'To give you a rough number, the content on average is double in comparison to the average globally in terms of bespoke content. So this is our market for super exclusive, super special cars." Joining the very British Bentley after nearly three decades at the very German Porsche doesn't appear to have been a culture shock. 'Bentley has a very welcoming culture," he adds. "It's not just another brand, it's another country, it's another culture, it's also another company culture. "A lot of things changed but I felt very positive. The transition was good." After a process of immersion into the world of the marque, studying its rich history, he rolled up his sleeves and got to work on the present and, more importantly, the future straight away. Bentley doesn't need the wholesale revitalisation it once did. When the Continental GT was launched two decades ago, the brand was ailing. That model single-handedly reinvigorated it for a new generation. Walliser's challenge now will be to tweak the line-up of models - or the technology behind them - to create a car that can take Bentley into the next two decades. 'The plug-in hybrid was a bold move,' says Walliser about the transition of both the Continental GT and Flying Spur to hybrid-only models. 'It was well received by the customers, especially when they're driving the car, they say: 'Wow, this is completely different. We can feel this hybrid adds more to the car than it takes away.'" The fully hybrid models are a major step on the brand's way to electrification, although the target for full electrification was pushed back to 2035. 'The move to the electric car is maybe the most demanding task in the history of the car,' says Walliser. 'This is clearly driven by regulation, but we also see there's a demand and acceptance for plug-in hybrid. And so this is why we extend our offering and plug-in hybrids in our model lines. And on the other side, we are coming with a full electric Bentley in 2027.' Walliser knows that some Bentley purists will reject this model, but he also sees it as an opportunity to invite a different type of customer into the Bentley universe. Someone less attracted by W12 engines and more by the intersection of heritage and cutting-edge technology. That's the thing with leading a brand like Bentley into the future, you have to juggle heritage, regulation and future planning by constantly bringing new people into your customer base. While Walliser is committed to preserving Bentley's heritage and has a keen sense of what needs updating and what doesn't - the logo seems to be safe and there is no Jaguar-like identity crisis here - he knows that forward movement is essential. 'If you stay too much in the past and you do not develop design and brand, you lose your reputation over time," he says. "A brand is like a bank account, and if you withdraw all the time you are going to be bankrupt. You need to put something in.' As for that all-electric model coming in 2027, he remains tight-lipped. 'It's a new segment. Call it 'luxury urban SUV.' It'll be more compact, for a Bentley. It's still not a tiny car," jokes Walliser. "It's exciting and we're very focused on how to bring emotions in an electric car.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UK government faces fresh questions over legality of F-35 exports to Israel
UK government faces fresh questions over legality of F-35 exports to Israel

Middle East Eye

time2 days ago

  • Middle East Eye

UK government faces fresh questions over legality of F-35 exports to Israel

The chair of the UK parliament's international development committee has raised major concerns over the government's legal justification for continuing to send British-made F-35 components to Israel. In a letter sent to business secretary Jonathan Reynolds on Thursday, Labour MP Sarah Champion said that she was troubled by the government's decision to allow the export of the parts indirectly to Israel, given its own assessment that there were clear risks of serious violations of international humanitarian law by Israel in Gaza. "I remain concerned that there is a real risk that weapon components, manufactured in the UK, could be used in attacks, including those on aid workers or humanitarian infrastructure," she wrote. "Adherence to the rule of law, including international law, is fundamental if we are to take a position of leadership on the world stage. We must respect, and ensure respect for [international humanitarian law]." Last September, the government suspended around 30 arms export licences after a review ordered by the newly elected Labour government found that Israel might have used British-made weapons in serious violations of international law in Gaza. New MEE newsletter: Jerusalem Dispatch Sign up to get the latest insights and analysis on Israel-Palestine, alongside Turkey Unpacked and other MEE newsletters UK-made F-35 components sent to the F-35 programme's global pool were exempt over concerns that there was no way to stop sending British parts destined for Israel without disrupting the entire global fleet and endangering international peace and security. Court documents in a legal challenge to the government's arms exports to Israel show that senior British officials talked to their American counterparts shortly before the announced suspensions to try to stop UK parts from going to the pool, but concluded that there were too many obstacles. One main issue was that, under the governing MOU, the F-35 programme is overseen by an executive steering board, which is chaired by the US and comprises representatives of participating states, and makes decisions by consensus. All participant states would have to agree for components being used in Israeli F-35s to be limited, and logistics that are not currently used would have to be put in place to separate out components destined for Israel, the court documents outlined. However, Champion questioned whether the exemption of the UK-made F-35 parts from the suspension was compatible with the UK's legal obligations, particularly under the Arms Trade Treaty and the Genocide Convention. She has asked Reynolds 10 questions focused on these issues, including what legal authority the government has relied upon for the exemption. She also asked whether the government accepted that the duty to prevent genocide in Gaza had been triggered. If so, what steps "is the UK taking to employ 'all means' and do 'all in their power' to prevent genocide, as far as possible?" she wrote. Similar concerns have been raised by the UK-based Global Legal Action Network (Glan) and the Palestinian human rights organisation Al-Haq, which have challenged the UK government's decision in the High Court. They have also been raised by business and trade committee chair Liam Byrne in a series of letters sent to Foreign Minister Stephen Doughty over the past seven months. Most recently, Byrne has proposed that Doughty and other Foreign Office and Ministry of Defence ministers appear before his committee before the summer recess to answer questions, among other issues, about government data which shows that licences for the export to Israel of $169m worth of military equipment were approved in the three months following the September 2024 supensions. Champion's questions come as the UK government announced this week plans to purchase 12 new F-35 jets that can carry US nuclear weapons. She has asked Reynolds for answers by 11 July.

DGR, UK Embassy to explore partnerships in various fields
DGR, UK Embassy to explore partnerships in various fields

Sharjah 24

time2 days ago

  • Sharjah 24

DGR, UK Embassy to explore partnerships in various fields

The meeting was led by Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations, and Edward Hobart, British Ambassador to the UAE. They were joined by H.E. Sarah Mooney, British Trade Commissioner for the Middle East and Pakistan, and British Consul General in Dubai; Sheikh Majid bin Abdullah Al Qasimi, Director of DGR; Stacy Keating, Second Secretary (Political Affairs) at the British embassy in the UAE; Amanda Buckley, Cultural Affairs Officer at the British embassy in the UAE; and Martin Daltry, Country Director for the British Council in the UAE . During discussions, Sharjah outlined its planned government, community, and cultural initiatives for the next year, and dialogue also centered on identifying collaboration opportunities in shared priority areas, as well as facilitating information exchange regarding the UK's 2025 programmes . Strategic partnerships in intellectual and cultural exchange In his comments on the meeting, Sheikh Fahim Al Qasimi emphasised that the vision of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, is founded on the belief that culture and knowledge are among the most vital pillars for shaping strong international relations that can truly impact the course of human development. He stated that Sharjah views cultural and academic cooperation as a sustainable path for building bridges of understanding between nations . He added: 'Our meeting with the British Embassy delegation is an extension of this vision and a reflection of a deep-rooted belief that knowledge-based partnerships are the foundation of such engagement. These partnerships have already fostered a thriving cultural and intellectual movement within the emirate, enriching Sharjah's society and strengthening its position as an international hub for research and education. The unique integration of Sharjah's creative economy with its broader economic infrastructure enhances its capacity to host impactful collaborations with leading global institutions; an approach that is clearly reflected in the outcomes of this meeting .' Supporting higher education and academic exchange The delegates also explored collaboration prospects in higher education through the development of joint academic programmes between British universities and their counterparts in Sharjah. These programmes would focus on fields such as media, engineering, and the humanities, reinforcing Sharjah's position as a regional hub for knowledge and higher education . Development of creative industries and cultural events Additionally, the dialogue addressed support for the creative industries through partnerships encompassing arts, design, digital media, and content creation, and potential collaboration with the Sharjah Creative Quarter (SCQ) was also a key focus. Established in January 2025, the SCQ aims to enhance the emirate's creative economy by organizing joint cultural initiatives, facilitating expertise exchange, and empowering cultural entrepreneurs . This high-level meeting exemplifies a mutual commitment to deepening bilateral cooperation through strategic projects and initiatives designed to achieve shared developmental and cultural goals, thereby creating new pathways for institutional integration and knowledge exchange .

What next for Bitcoin as it evolves into an asset class?
What next for Bitcoin as it evolves into an asset class?

Arabian Post

time3 days ago

  • Arabian Post

What next for Bitcoin as it evolves into an asset class?

Matein Khalid The past decade dramatically illustrates the peril of trusting paper money as a store of value in a political system designed to pivot recklessly towards deficit financing and deliberate debasement of the world's reserve currency. The US national debt is now $37 trillion and the annual budget deficit is now $2 trillion or 125% of GDP. Add political gridlock in Washington, violent migrant riots in Los Angeles and even ghastly political assassinations in Minnesota and I see echoes of a classic emerging market crisis brewing in the heart of the US capital markets. So I have been a papa bear on the US dollar since late 2024 but I know that the Euro, British pound and gold are also flawed as stores of long term value in a world where war, inflation, currency crisis, trade conflicts and chronic sovereign debt accumulation is a given. Bitcoin definitely has a place in the sun as the fiscal Frankenstein taints almost all versions of central bank Monopoly money. My biggest problem with Bitcoin is its psychotic volatility and its extreme correlation with the Nasdaq 100. Yet this is an opportunity also when spasms of risk aversion create buying opportunities, as happened in early April when Bitcoin plunged to a juicy $73000 when the stock market plunged 19% after Wall Street was unhinged by Trump's Liberation Day tariff wars. ADVERTISEMENT It is now difficult to swallow the gospel that US Treasury bonds are the world's ultimate risk-free havens and that the omniscient, omnipotent Federal Reserve conducts its dual mandate without political interference from the White House. In a world where the President berates the Fed Chairman as 'loco'/'dumb' and the Treasury Secretary meekly echoes his Dear Leader's half literate outburst on trade and global economic relations, the North Korea dimension in US policy making has made global investors flee the greenback with good reason. As the world loses faith in the Fed, Congress and the illusion of global monetary stability, it is obvious that a rise in interest rates will trigger a Black Death in asset valuation worldwide, another legacy of a decade where the world's central banks printed trillions of dollars to monetize fiscal deficits from America to Japan, Europe to China. Crypto currencies thus become a safe refuge in such a world where wealth can be vaporized on a mega scale in an instant. Take the US dollar. Every investor, saver and business in the Gulf has lost 12% of their net worth in 6-months as the US dollar index plunged from 110 in January 2025 to 97 six months later. The US has now joined Israel in a war with Iran, whose outcome could well include inflation, fiscal ruin and a shattered world geopolitical and economic order. Doing nothing to protect assets in such a world is akin to being a lamb ready to be fleeced on the path to the slaughterhouse. As Wall Street embraced digital assets and indexation amplifies the passive investing universe, I expect volatility on Bitcoin to fall. The halving cycle creates distinct market cycles that technology will only help us fathom and capture in our trading strategies. My guesstimate is that we see a $80,000 to $150,000 Bitcoin trading range in the next 12 to 15 months even as I am alert to the arrival of entire flocks of malign black swans on the investment horizon. Digital gurus believe that Bitcoin will attain asset class status that would imply a peak price of $800,000 in the next decade even as secular volatility falls, as it did for Amazon, Nvidia, Google and Meta overtime. Gold is 10X Bitcoin as an asset class now but AI will converge with DeFi in the biggest megatrends of our lifetimes to midwife a financial future replete with limitless possibilities and risk. That much, at least, is certain! Also published on Medium. Notice an issue? Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store