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BUSINESS
February 22, 1994 | From Times Staff and Wire Reports
Honda to Sell Its Share of Rover: The Japanese auto maker was spurned last month in its attempt to raise its stake in Rover Group to nearly 50%, and Honda now says it will give up its current 20% holding in the British company. The likely buyer is BMW, which last month agreed to buy 80% of Rover from British Aerospace. Honda's announcement came after officials of the three auto makers met in Tokyo.
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
February 22, 1994 | From Times Staff and Wire Reports
Honda to Sell Its Share of Rover: The Japanese auto maker was spurned last month in its attempt to raise its stake in Rover Group to nearly 50%, and Honda now says it will give up its current 20% holding in the British company. The likely buyer is BMW, which last month agreed to buy 80% of Rover from British Aerospace. Honda's announcement came after officials of the three auto makers met in Tokyo.
BUSINESS
March 15, 1992 | From Reuters
The MGB, one of the most famous names in British sports car history, will make a comeback in September, 13 years after its production line stopped and three months after the 30th anniversary of its launch. MG manufacturer Rover Cars said Friday that it would make a limited edition of the MGB open two-seater, called the MG RV8, at a rate of 15 per week. The price tag is likely to be about $44,500.
BUSINESS
July 14, 1989 | JAMES RISEN, Times Staff Writer
In a move designed to circumvent the threat of stiff European trade barriers, Honda said Thursday that it will buy 20% of the Rover Group, one of Britain's old-line car companies, and will build an assembly plant in Britain to produce small cars for the European market by 1992. Honda thus will become the first Japanese auto maker to acquire a significant stake in a European auto company.
BUSINESS
February 1, 1994 | WILLIAM TUOHY, TIMES STAFF WRITER
The Rover car company, Britain's last major auto maker, announced Monday that it is being sold to Germany's BMW for $1.2 billion. The sale by British Aerospace, which owns 80% of Rover's stock, is expected to allow Rover to expand its markets, selling its cars through BMW outlets in the United States and Europe.
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
February 1, 1994 | WILLIAM TUOHY, TIMES STAFF WRITER
The Rover car company, Britain's last major auto maker, announced Monday that it is being sold to Germany's BMW for $1.2 billion. The sale by British Aerospace, which owns 80% of Rover's stock, is expected to allow Rover to expand its markets, selling its cars through BMW outlets in the United States and Europe.
BUSINESS
March 15, 1992 | From Reuters
The MGB, one of the most famous names in British sports car history, will make a comeback in September, 13 years after its production line stopped and three months after the 30th anniversary of its launch. MG manufacturer Rover Cars said Friday that it would make a limited edition of the MGB open two-seater, called the MG RV8, at a rate of 15 per week. The price tag is likely to be about $44,500.
BUSINESS
July 14, 1989 | JAMES RISEN, Times Staff Writer
In a move designed to circumvent the threat of stiff European trade barriers, Honda said Thursday that it will buy 20% of the Rover Group, one of Britain's old-line car companies, and will build an assembly plant in Britain to produce small cars for the European market by 1992. Honda thus will become the first Japanese auto maker to acquire a significant stake in a European auto company.
BUSINESS
September 27, 1989 | From Reuters
American Telephone & Telegraph Co. said Tuesday that it would purchase British information technology company Istel Ltd. for $292 million (180 million pounds). Istel operates in a variety of information technology markets including automotive, financial services, health care and manufacturing. A joint AT&T-Istel statement said that under the terms of the offer there would be no change of name or management at Istel, which employs about 1,800 people.
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