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BUSINESS
June 6, 1998 | From Associated Press
The realities of global commerce caught up with a grand remnant of British glory Friday as German auto maker Volkswagen won approval to buy Rolls-Royce Motor Cars, infuriating small English investors. "Should I call it now a Rolls-wagen?" incredulous shareholder Rodney Crowe asked at a meeting called by Vickers, the engineering group that is selling Rolls-Royce to the Germans.
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WORLD
March 13, 2014 | By Barbara Demick
BEIJING --  The mystery of missing Malaysia Airlines Flight 370 deepened amid allegations that the airplane flew four hours longer than originally thought and might have traveled more than 1,000 miles away from where search-and-rescue teams are looking. Citing U.S. national security sources, the Wall Street Journal reported Thursday that government personnel were pursuing the possibility that the plane was commandeered “with the intention of using it later for another purpose.
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BUSINESS
April 11, 1989
Rolls-Royce Buys Firm: Rolls-Royce PLC said it will acquire Northern Engineering Industries PLC in a deal that values the British maker of electrical generating equipment at about $520 million. Jet-engine maker Rolls-Royce, which already holds a 4.7% stake in Northern Engineering, said the stock swap values NEI at $2.18 a share.
BUSINESS
July 8, 2000 | VIVIEN LOU CHEN, BLOOMBERG NEWS
Boeing Co., Rolls-Royce and CFM International are being sued for $2.5 billion by a Southland upstart that claims the aerospace companies interfered with its plan to refurbish and sell 700 Boeing 727-200 aircraft. Aviation Upgrade Technologies Inc. claims in its antitrust lawsuit that Seattle-based Boeing persuaded CFM and Rolls-Royce not to sell it aircraft engines.
BUSINESS
April 10, 1989 | From Times wire services
Rolls-Royce PLC said today that it will acquire Northern Engineering Industries PLC in a deal that values the British maker of electrical generating equipment at about $520 million. Rolls-Royce, the jet engines manufacturer, which already holds a 4.7% stake in the firm, said the stock swap values NEI at $2.18 a share. Rolls-Royce said it will offer seven new shares for every 10 NEI shares.
BUSINESS
June 22, 1989 | From Associated Press
Rolls-Royce PLC said Trans World Airlines has chosen its most powerful long-haul engine to power recently ordered Airbus A-330 airliners in a deal worth more than $620 million. TWA has agreed to buy 20 of the A-330 twin-engined aircraft along with an option for 20 additional aircraft, making it the largest A-330 order to date. TWA is scheduled to receive the planes in late 1994.
BUSINESS
June 13, 1989 | From Times wire services
British manufacturer Rolls-Royce PLC said today that California-based International Lease Finance Corp. has agreed to buy aircraft engines worth $200 million. The airliner leasing company has ordered 22 engines for Boeing 757s and 13 engines for 747s and 767s. Rolls-Royce director Frank Turner told reporters at the Paris international air show that the purchase was based on a business agreement between the two groups drafted in May, 1988. International Lease Finance Corp.
WORLD
March 13, 2014 | By Barbara Demick
BEIJING --  The mystery of missing Malaysia Airlines Flight 370 deepened amid allegations that the airplane flew four hours longer than originally thought and might have traveled more than 1,000 miles away from where search-and-rescue teams are looking. Citing U.S. national security sources, the Wall Street Journal reported Thursday that government personnel were pursuing the possibility that the plane was commandeered “with the intention of using it later for another purpose.
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.
BUSINESS
September 11, 1998
Science Applications International Corp. and Britain's Rolls-Royce said they plan to form a 50-50 joint venture to provide information technology services to aerospace companies. Rolls-Royce is the world's second-largest aircraft engine maker after General Electric Co., while San Diego-based SAIC is a closely held provider of information technology. The new company, which will employ 350 and be based in Virginia, will design products to improve efficiency of aerospace manufacturing equipment.
BUSINESS
July 29, 1998 | From Bloomberg News
In a surprise twist, German auto giant Volkswagen agreed Tuesday to split Rolls-Royce Motor Cars with BMW, the rival it outbid for the luxury auto maker less than a month ago. The deal also gives BMW rights to the Rolls-Royce nameplate and leaves VW with ownership of the Rolls plant in Crewe, England, and the right to make the Bentley model. BMW will produce Rolls-Royce cars.
BUSINESS
June 6, 1998 | From Associated Press
The realities of global commerce caught up with a grand remnant of British glory Friday as German auto maker Volkswagen won approval to buy Rolls-Royce Motor Cars, infuriating small English investors. "Should I call it now a Rolls-wagen?" incredulous shareholder Rodney Crowe asked at a meeting called by Vickers, the engineering group that is selling Rolls-Royce to the Germans.
BUSINESS
May 9, 1998 | From Times Wire Services
BMW stepped out of the bidding war for Rolls-Royce Motor Ltd. on Friday, leaving rival German auto maker Volkswagen in the lead to win the luxury auto maker a day after Vickers accepted its sweetened offer. But Volkswagen faces major hurdles--including a battle to use the Rolls brand name--in gaining control of Rolls even if Vickers' shareholders choose its $705-million offer at their meeting next month.
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 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.
BUSINESS
August 13, 1991 | From Times Staff and Wire Reports
New Bentley Introduced in U.S.: Bentley Motors says the two-door Continental R will list for $249,800. It will be the first model in more than 40 years that has not shared the same body as a Rolls-Royce. Britain's Roll-Royce Motors bought Bentley in 1931. Since the 1950s, the two companies have produced different versions of the same car. The Continental R has a sleeker body than traditional Bentleys.
BUSINESS
December 24, 1991 | From Times Staff and Wire Reports
Rolls-Royce to Begin Leasing: Rolls-Royce Motor Cars Inc., faced with a 50% drop in sales from last year, said it has begun offering a three-year lease on its automobiles. The recession and the imposition last January of a luxury car tax in the United States have cut into sales, which reached 1,300 last year. The luxury tax still applies to leased automobiles, but the company has offered to reimburse customers who lease a 1991 model before Dec. 31.
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 4, 1997 | Associated Press
Atlanta-based Delta Air Lines Inc. said it chose General Electric Co. and Rolls-Royce to provide engines valued at more than $500 million for some of the more than 600 aircraft it agreed to buy from Seattle-based Boeing Co. in the next 20 years. GE will make engines for 31 Boeing 767s Delta ordered. Derby, England-based Rolls-Royce will provide engines for 10 Boeing 777s that the carrier took options to buy, if those become firm orders. The choices are a blow to Hartford, Conn.
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