Rolls-Royce Holdings PLC closed 0.20% below its 52-week high of £9.90, which the company achieved on July 10th.

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This is Vacheron’s first modern watch designed for car installation—but the brand’s archives (which date to 1755) reveal the company was commissioned to create a watch for an automobile in 1928.

Rolls-Royce’s CEO Tufan Erginbilgic called the company a “burning platform” in need of transformation as he took the helm at the British aerospace and engineering giant earlier this year.