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Roll Royce Plc

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March 26, 1998 | From Times Wire Reports
Volkswagen said it has bid for Rolls-Royce Motor Cars, seeking to join its German rivals Daimler-Benz and BMW in the luxury auto business. Volkswagen Chairman Ferdinand Piech said the company made its bid Tuesday to Britain's Vickers for its Rolls-Royce unit and agreed not to disclose the amount of the offer. Analysts have predicted Rolls-Royce should fetch around $660 million--although some news reports suggested BMW might have tried for a cut-rate $413 million if it had been the only bidder.
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BUSINESS
March 26, 1998 | From Times Wire Reports
Volkswagen said it has bid for Rolls-Royce Motor Cars, seeking to join its German rivals Daimler-Benz and BMW in the luxury auto business. Volkswagen Chairman Ferdinand Piech said the company made its bid Tuesday to Britain's Vickers for its Rolls-Royce unit and agreed not to disclose the amount of the offer. Analysts have predicted Rolls-Royce should fetch around $660 million--although some news reports suggested BMW might have tried for a cut-rate $413 million if it had been the only bidder.
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