Rolls-Royce is gearing up for the next chapter in automotive history with the Spectre, the manufacturer's first all-electric vehicle.
The motor was unveiled for the first time on Tuesday following much trumpeting from petrolheads around the world, who have been keenly awaiting its big reveal since the concept was first mentioned in dispatches last year.
In fact, Rolls-Royce describes the Spectre as being a “prophecy fulfilled”, citing one Charles Rolls, the company’s co-founder along with Henry Royce, who mentioned how much he valued fossil fuel-free propulsion — more than 120 years ago.
Electric cars, he said, had the potential to be a clean and largely noise-free alternative to those powered by internal combustion engines, as long as you had enough charging points — an opinion you might indeed think of as being seriously ahead of the game.
No surprise that the Spectre exudes elegance and style visually, but you’d expect nothing less from a brand that has done its best to incorporate such concepts into its very DNA.
The look of the new arrival might be said to most closely resemble its Wraith sibling, with the fastback roof (as automotive designers are keen to describe such things these days) being a prominent feature.
Rolls-Royce, however, says the composition of the Spectre has been influenced by “haute couture, modernist sculpture, nautical design, tailoring and contemporary art”.
The front headlights sit either side of the widest grille to have been put on one of the marque’s products, with the view of the car from the side purposefully resembling something along the lines of a luxury yacht.
The car has undergone some rigorous testing, which included more than 2.5 million kilometres on the road. That, Rolls-Royce suggests, simulates more than 400 years of use for one its products.
Some of this land testing, which is ongoing, took place in harsh climates — from the freezing temperatures in Arjeplog, Sweden, to the scorching sun in southern African — while other areas proved less challenging, such as the pleasantly warm French Riviera.
Rolls-Royce says the exact specifications of the Spectre are still being calculated, but early data shows the vehicle will have a range of 520km, around 900Nm of torque, and a 0 to 100kph time of 4.5 seconds.
Rolls-Royce’s chief executive Torsten Muller-Otvos says the Spectre possesses all the qualities that have given the brand the kudos it has built up over the years.
“This is the start of a bold new chapter for our marque, our extraordinary clients and the luxury industry,” he said.
The company has made the commitment to have a fully-electric portfolio by 2030.
As is usual with launches of this kind, no exact price has been mentioned but Rolls-Royce says this is likely to be somewhere between the Cullinan at £301,975 ($341,628) and the Phantom at £410,575 ($464,489).
The vehicles will be delivered next year, so there's still plenty of time for customers to heed Charles Rolls's words and seek out the nearest charging points.
UAE currency: the story behind the money in your pockets
BUNDESLIGA FIXTURES
Friday (All UAE kick-off times)
Borussia Dortmund v Eintracht Frankfurt (11.30pm)
Saturday
Union Berlin v Bayer Leverkusen (6.30pm)
FA Augsburg v SC Freiburg (6.30pm)
RB Leipzig v Werder Bremen (6.30pm)
SC Paderborn v Hertha Berlin (6.30pm)
Hoffenheim v Wolfsburg (6.30pm)
Fortuna Dusseldorf v Borussia Monchengladbach (9.30pm)
Sunday
Cologne v Bayern Munich (6.30pm)
Mainz v FC Schalke (9pm)
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Uefa Nations League: How it works
The Uefa Nations League, introduced last year, has reached its final stage, to be played over five days in northern Portugal. The format of its closing tournament is compact, spread over two semi-finals, with the first, Portugal versus Switzerland in Porto on Wednesday evening, and the second, England against the Netherlands, in Guimaraes, on Thursday.
The winners of each semi will then meet at Porto’s Dragao stadium on Sunday, with the losing semi-finalists contesting a third-place play-off in Guimaraes earlier that day.
Qualifying for the final stage was via League A of the inaugural Nations League, in which the top 12 European countries according to Uefa's co-efficient seeding system were divided into four groups, the teams playing each other twice between September and November. Portugal, who finished above Italy and Poland, successfully bid to host the finals.
UAE currency: the story behind the money in your pockets
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Porsche Macan T: The Specs
Engine: 2.0-litre 4-cyl turbo
Power: 265hp from 5,000-6,500rpm
Torque: 400Nm from 1,800-4,500rpm
Transmission: 7-speed dual-clutch auto
Speed: 0-100kph in 6.2sec
Top speed: 232kph
Fuel consumption: 10.7L/100km
On sale: May or June
Price: From Dh259,900
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Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
The struggle is on for active managers
David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.
The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.
Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.
Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.
Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.
At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn.
The Sky Is Pink
Director: Shonali Bose
Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf
Three stars
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
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8 traditional Jamaican dishes to try at Kingston 21
- Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
- Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
- Mento Oxtail: flavoured oxtail stewed for five hours with herbs
- Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
- Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
- Jamaican beef patty: a pastry with ground beef filling
- Hellshire Pon di Beach: Fresh fish with pickles
- Out of Many: traditional sweet potato pudding