July 4, 2001 |
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.
October 28, 1997 |
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.
February 14, 1999 |
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.
March 17, 2000 |
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.
July 4, 2001 |
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.
September 17, 2003 |
Not since torch-wielding peasants chased Frankenstein's monster through the town square has such a noble spirit been so mercilessly taunted. One critic compared the new $320,000 Rolls-Royce Phantom to a coffin maker's "Executive Slumber Series"; another called it the world's most majestic air conditioner. Allow me to pile on. Man, this thing is ugly. Yet from the driver's seat, the Phantom is a sensational automobile. There's magic and mystery here, fistfuls of romantic motoring.
February 15, 1999 |
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.
May 10, 2000 |
Germany's BMW agreed to sell the ailing Rover car group to a British consortium that mounted a dramatic, come-from-behind effort to take over the business and save thousands of jobs. The Phoenix consortium, headed by former Rover Chief Executive John Towers, said contracts had been signed in London after several days of negotiations. BMW said the "symbolic purchase price" was $16.
September 13, 2006 |
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.