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BUSINESS
February 7, 1994 | From Associated Press
BMW, synonymous with German industrial quality and craftsmanship, is acquiring a British taste. The auto maker known for status cars made news this past week with the purchase of Britain's Rover, the formerly state-owned maker of four-wheel drive vehicles. Less publicized, however, is BMW's other move into the British business world: a joint venture with Rolls-Royce--the jet engine maker, not the luxury car manufacturer.
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BUSINESS
September 13, 2006 | John O'Dell, Times Staff Writer
German automaker BMW said Tuesday that it would begin distributing the world's first hydrogen-burning cars to selected users in the U.S. and Europe next year. The cars are 7-Series sedans powered by 12-cylinder internal-combustion engines capable of burning gasoline or liquefied hydrogen.
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NEWS
April 2, 2000 | From Associated Press
Thousands of people filled the streets of this city in central England on Saturday to protest German auto giant BMW's decision to break up its loss-making Rover Group Ltd. The rally, part of a public campaign to save the 8,000 jobs at Rover's main Longbridge plant here, drew a crowd of about 40,000. Union leaders and lawmakers began gathering early, while crowds of supporters filled the sidewalks. They waved banners and placards reading "Betrayed," "No Surrender" and "Save Rover. Save Us."
NEWS
July 4, 2001 | JOHN O'DELL, TIMES STAFF WRITER
Bayerische Motoren Werke of Germany is bringing its hydrogen bombs to Southern California next week--a fleet of 7-Series luxury sedans with V-12 engines altered to burn liquid hydrogen instead of gasoline. The rest of the world's major auto makers are racing to be first to market with a fuel-cell car: an electric vehicle whose juice is produced on board in a process that converts hydrogen to electricity.
BUSINESS
January 25, 1996
BMW to Expand South African Exports: The German auto maker said it plans to invest about $276 million in its South African subsidiary over the next four years to convert its factory into an export hub for Australia, Africa and Asia. BMW South Africa has annual revenue of about $551 million. It claims a roughly 7.5% share of the South African car market. The company's Rosslyn plant northwest of Pretoria produced about 18,500 cars in 1995.
BUSINESS
April 27, 1998 | Bloomberg News
Volkswagen will raise its bid for Rolls-Royce Motor Cars to as much as $950 million after a first offer was topped by BMW, German newspapers said. One said VW's board approved a bid of about $840 million and another said it was $950 million, $380 million more than the $570 million Rolls-Royce's parent, Vickers, has accepted from BMW, as it will also include the purchase of the Cosworth engineering unit.
BUSINESS
December 20, 1994 | From Reuters
Germany's BMW trumped its arch-rival Mercedes-Benz Monday by signing a deal with Rolls-Royce Motor Cars that will put BMW engines in the world's most prestigious cars. The coup over Mercedes marks the end of a high-profile year for BMW that began with its controversial acquisition of Britain's last British-owned high-volume car manufacturer, Rover Cars, from British Aerospace. The Rolls-BMW deal marks the end of an era for Rolls-Royce, whose cars convey the rich and the royal the world over.
BUSINESS
April 30, 1998 | Bloomberg News and Reuters
Britain's Vickers said it signed an agreement to sell Rolls-Royce Motor Cars to BMW for $567 million, but Volkswagen again pledged an even higher bid for the luxury-car maker. Vickers reached a preliminary accord with BMW on a sale price last month, choosing it over rival German auto maker VW and a group of car enthusiasts eager to keep the prestigious brand in British hands. Vickers executives said they would consider a new bid but questioned why VW has not contacted them directly.
BUSINESS
February 5, 1999 | Bloomberg News
General Motors Corp., the world's biggest car maker, denied a Belgian newspaper report that it is interested in an alliance with BMW. La Libre Belgique quoted GM Europe President Michael Burns as saying the German auto maker "would be an ideal partner" for GM. The owner of the BMW and Rolls-Royce brands "operates in a luxury segment in which we are weaker," he said, according to the newspaper. Kenneth Levy, a GM spokesman, said the quote attributed to Burns about BMW is "completely incorrect."
BUSINESS
April 1, 1998 | From Associated Press
Angered by a report Volkswagen still wants to buy Rolls-Royce, German auto maker BMW on Tuesday warned it would stop delivering parts to the British auto maker if its parent company sells it to anyone other than BMW. Rolls-Royce parent Vickers said Monday it had accepted a $570-million bid from BMW--which already supplies engines for the latest Rolls-Royce models. Vickers shareholders are expected to vote on the deal in May.
NEWS
July 4, 2001 | JOHN O'DELL, TIMES STAFF WRITER
The auto industry is engaged in a hydrogen war whose stakes are nothing less than supremacy in marketing the fuel that makes possible a zero-emission automotive power source that eliminates pollution--and pumps huge profits into corporate coffers. First, though, someone has to develop an affordable, consumer-friendly system that, unlike the personal computer industry's competing Microsoft and Macintosh operating systems, is standardized for universal use.
NEWS
April 2, 2000 | From Associated Press
Thousands of people filled the streets of this city in central England on Saturday to protest German auto giant BMW's decision to break up its loss-making Rover Group Ltd. The rally, part of a public campaign to save the 8,000 jobs at Rover's main Longbridge plant here, drew a crowd of about 40,000. Union leaders and lawmakers began gathering early, while crowds of supporters filled the sidewalks. They waved banners and placards reading "Betrayed," "No Surrender" and "Save Rover. Save Us."
BUSINESS
March 17, 2000 | EDMUND SANDERS and MARJORIE MILLER, TIMES STAFF WRITERS
Ford Motor Co. will announce today that it has agreed to buy the prestigious Land Rover sport-utility unit from Germany's BMW Group for $2.8 billion and plans to relocate the division's North American headquarters to Orange County. The deal is a further nod to Southern California's fast-emerging reputation as a hub for luxury automobile makers and gives Ford another coveted nameplate to add to its portfolio of world-recognized luxury brands, consisting of Lincoln, Jaguar, Volvo and Aston Martin.
BUSINESS
February 15, 1999 | Times Wire Services
German car maker BMW's cost-cutting drive at its loss-making Rover subsidiary will result in the loss of at least 5,000 jobs in the British automotive parts industry, the Independent newspaper in London reported. The newspaper said the figure was based on an estimate by a leading supplier. A spokesman for Rover said: "We have announced no [new] job cuts." An existing program of 2,500 voluntary cuts is close to being completed.
NEWS
February 14, 1999 | From Associated Press
General Motors will make an offer to buy Bavarian car company BMW in the next few days, a German newspaper reported Saturday. Rumors about BMW's future have been swirling since its chairman, Bernd Pischetsrieder, was dismissed Feb. 5 amid criticism of his handling of BMW's British subsidiary, Rover. BMW spokesman Joerg Dinner denied the report Saturday in the German newspaper Die Welt.
BUSINESS
February 5, 1999 | Bloomberg News
General Motors Corp., the world's biggest car maker, denied a Belgian newspaper report that it is interested in an alliance with BMW. La Libre Belgique quoted GM Europe President Michael Burns as saying the German auto maker "would be an ideal partner" for GM. The owner of the BMW and Rolls-Royce brands "operates in a luxury segment in which we are weaker," he said, according to the newspaper. Kenneth Levy, a GM spokesman, said the quote attributed to Burns about BMW is "completely incorrect."
NEWS
July 4, 2001 | JOHN O'DELL, TIMES STAFF WRITER
Bayerische Motoren Werke of Germany is bringing its hydrogen bombs to Southern California next week--a fleet of 7-Series luxury sedans with V-12 engines altered to burn liquid hydrogen instead of gasoline. The rest of the world's major auto makers are racing to be first to market with a fuel-cell car: an electric vehicle whose juice is produced on board in a process that converts hydrogen to electricity.
BUSINESS
October 28, 1997 | From Reuters
British engineering company Vickers on Monday placed a "For Sale" sign on its Rolls-Royce Motors luxury car maker, and Germany's BMW emerged as the early favorite to buy it. Industry analysts said the unit could bring about $655 million. Rolls-Royce, a byword for British style and quality for almost a century, could become the latest in a long line of illustrious British auto manufacturers bought out by foreign companies.
BUSINESS
April 30, 1998 | Bloomberg News and Reuters
Britain's Vickers said it signed an agreement to sell Rolls-Royce Motor Cars to BMW for $567 million, but Volkswagen again pledged an even higher bid for the luxury-car maker. Vickers reached a preliminary accord with BMW on a sale price last month, choosing it over rival German auto maker VW and a group of car enthusiasts eager to keep the prestigious brand in British hands. Vickers executives said they would consider a new bid but questioned why VW has not contacted them directly.
BUSINESS
April 27, 1998 | Bloomberg News
Volkswagen will raise its bid for Rolls-Royce Motor Cars to as much as $950 million after a first offer was topped by BMW, German newspapers said. One said VW's board approved a bid of about $840 million and another said it was $950 million, $380 million more than the $570 million Rolls-Royce's parent, Vickers, has accepted from BMW, as it will also include the purchase of the Cosworth engineering unit.
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