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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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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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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
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
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
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
December 28, 1988 | Associated Press
furniture manufacturer Haworth Inc. has purchased a European-based seating companyfor nearly $30 million, Haworth officials announced. Haworth, one of the world's largest manufacturers of office systems furniture, acquired the Comforto Group from Vickers Public Ltd., a $1.5-billion British holding company known for producing Rolls Royces and the world's first military tanks. A Vickers spokesman said the transaction was a cash deal for $29.5 million
BUSINESS
April 10, 1998 | From Reuters
Britain's Vickers said Thursday that sales of its Rolls-Royce and Bentley cars fell in the first quarter, while the luxury car unit remains the focus of a takeover battle between two German automobile giants. The company said sales declined to 251 from 446 in the fourth quarter of fiscal 1997, with declines in most regions. German car rivals BMW and Volkswagen are battling to buy Rolls-Royce Motor Cars, with Vickers having chosen BMW as its preferred bidder following a $569-million offer.
BUSINESS
December 20, 1994 | From Reuters
Germany's BMW trumped its arch-rival Mercedes-Benz Monday by signing a deal with Rolls-Royce Motor Cars that will put BMW engines in the world's most prestigious cars. The coup over Mercedes marks the end of a high-profile year for BMW that began with its controversial acquisition of Britain's last British-owned high-volume car manufacturer, Rover Cars, from British Aerospace. The Rolls-BMW deal marks the end of an era for Rolls-Royce, whose cars convey the rich and the royal the world over.
BUSINESS
April 10, 1998 | From Reuters
Britain's Vickers said Thursday that sales of its Rolls-Royce and Bentley cars fell in the first quarter, while the luxury car unit remains the focus of a takeover battle between two German automobile giants. The company said sales declined to 251 from 446 in the fourth quarter of fiscal 1997, with declines in most regions. German car rivals BMW and Volkswagen are battling to buy Rolls-Royce Motor Cars, with Vickers having chosen BMW as its preferred bidder following a $569-million offer.
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
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
December 28, 1988 | Associated Press
furniture manufacturer Haworth Inc. has purchased a European-based seating companyfor nearly $30 million, Haworth officials announced. Haworth, one of the world's largest manufacturers of office systems furniture, acquired the Comforto Group from Vickers Public Ltd., a $1.5-billion British holding company known for producing Rolls Royces and the world's first military tanks. A Vickers spokesman said the transaction was a cash deal for $29.5 million
BUSINESS
December 9, 1994 | DIRK BEVERIDGE, ASSOCIATED PRESS
Each time Dennis Jones finishes handcrafting a radiator for the front of a Rolls-Royce, he initials it with a double-D that looks something like a Texas cattle brand. Once the Rolls-Royce is on the road, if the radiator requires repairs, it will return to Crewe and Jones will fix it. It's his radiator, after all. He dismisses a suggestion that a machine could do his work.
BUSINESS
March 1, 1991 | JAMES BATES, TIMES STAFF WRITER
The war is nearly over. Now, what about the peace dividend? With guns silent in the Persian Gulf, businesses and consumers interviewed Thursday said they still face an elusive enemy in tight credit, rising unemployment, sluggish auto sales, an overbuilt real estate market, a battered banking system and scores of other problems that still entangle the economy. And no Schwarzkopf-style economic assault is poised to wipe out those problems quickly. "I can't increase my spending.
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