April 10, 1998 |
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.
April 1, 1998 |
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.
March 31, 1998 |
The makers of Britain's most prestigious product, the Rolls-Royce, said Monday they will sell the luxury car line to a German competitor, BMW, which has promised a major increase in production of the $200,000 sedan. BMW's offer of about $570 million for the auto maker beat out competing bids from Germany's Volkswagen and from two groups of British investors who had fought to keep Britain's best-known car in British hands.
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.
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