October 20, 2001 |
Airplane engine maker Rolls-Royce said it is cutting 5,000 jobs, or 11.5% of its worldwide work force, the latest casualties of the airline industry's downturn after the terrorist attacks. About 3,800 of the jobs to be eliminated are in Britain, the company said. It did not specify where the other 1,200 cuts would be made.
August 30, 2000 |
International Lease Finance Corp., the giant plane lessor, ordered $910 million worth of aircraft engines from Rolls-Royce on Tuesday in a deal that included engines for the future Airbus Industrie superjumbo A-3XX. The order by the Century City-based company places the British engine maker ahead of its U.S. rivals General Electric Co. and United Technologies Co.'s Pratt & Whitney unit in the race to provide engines for the new superjumbo jet, Rolls-Royce said.
July 8, 2000 |
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.
October 29, 1998 |
For every dream there is a machine, and every machine has its maker. Rolls-Royce & Bentley Motor Cars Ltd. of Crewe, England, has been one such noble creator for three years short of a century. The company is also the single, signal source of twin automotive pedigrees that reach beyond obtainable dreams to barely attainable fantasies. These great cars are the stuff of British queens and Saudi princes, old sultans and new dictators, lords of manors and bosses of drug cartels.
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.
July 29, 1998 |
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.