Ian Robertson, CEO of Rolls-Royce confirmed in an interview with Reuters at the 2007 Shanghai Auto Show that the company has finished designing for a new small car and the first prototypes should be on their way very shortly. The car will be a very attractive car for China, he added. The average price of a Rolls-Royce in China is around $900,000, but last year the company sold one for $2.3 million. Rolls-Royce will add two new dealerships in China in the coming year for a total of seven, a network that is second only to the United States.

From: Rolls Royce to launch new, smaller model