October 28, 1997 |
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.
May 9, 1998 |
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.
December 28, 1988 |
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
December 20, 1994 |
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.
December 9, 1994 |
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.