Automobile industry
Volkswagen's recent acquisition of Cosworth, a British engine maker, has set the stage for a series of strategic partnerships and expansions. According to a magazine report, the company plans to divide Cosworth into separate units, with Audi taking over the foundry operation to produce engines for Bentley and
Automobile industry
Tecnomatix Technologies, a pioneer in computer-aided production engineering (CAPE), has received a significant order from Volkswagen AG, Europe's largest automotive manufacturer. The order, worth $600,000, is part of Volkswagen's "Digital Factory Initiative" aimed at improving and accelerating simultaneous engineering activities throughout its production
Automobile industry
A group of Rolls-Royce owners, led by Michael Shrimpton, are working to present a counter-offer to the £430m bid from Volkswagen, hoping to surpass the German carmaker's offer. The meeting of Vickers shareholders, scheduled for Friday, will decide the fate of the UK's most famous marque.
Automobile industry
A group of British car enthusiasts, led by barrister Michael Shrimpton, is set to make a final bid to acquire Rolls-Royce Motors, with the aim of preventing it from falling into foreign ownership. The enthusiasts claim to have a higher offer than Volkswagen's £430 million, which is currently
Automobile industry
German automobile giant BMW remains steadfast in its pursuit of Rolls-Royce Motor Cars, refusing to raise its £340 million offer despite Volkswagen's recent £430 million bid. The BMW chairman, Bernd Pischetsrieder, expressed optimism about the bid's chances, citing an agreement with Rolls-Royce plc to use the
Automobile industry
Volkswagen (VW) plans to purchase Rolls-Royce Motors' Bentley marque and develop an ultra-low-cost Bentley, priced between £60,000 to £70,000, to compete directly with Daimler-Benz's S-class limousines. The move is part of VW's bid for Rolls-Royce Motors, which faces opposition from BMW and Rolls-Royce
Automobile industry
Daimler-Benz Group, owner of Daimler-Benz AG, is a European industrial powerhouse with a diverse range of holdings in transportation, services, and more. Headquartered in Stuttgart, Germany, the group's 23 business units include four main divisions: passenger cars, commercial vehicles, aerospace, and services. With a strong presence in the
Automobile industry
Volkswagen is preparing to strengthen its bid for Rolls-Royce, with a potential offer of up to £500m, surpassing the £340m bid from rival suitor BMW. The decision followed a meeting of Volkswagen's supervisory board in Germany, where executives sanctioned the strategy of Ferdinand Piech, the board's
Automobile industry
Volkswagen has given the green light for managers to launch a fresh bid for Rolls-Royce Motors, following a pitch presentation at the company's headquarters. The supervisory board was won over after being treated to a test drive of the Rolls-Royce Seraph, with the bid expected to value Crewe-based
Automobile industry
Volkswagen, a German car manufacturer, has reignited the bid battle for Rolls-Royce Motor Cars, signaling its intent to top BMW's recent £340 million offer. Volkswagen's plan would involve building engines for new Rolls-Royces in the UK, a move that would secure a British base for engine
Automobile industry
Volkswagen's latest move in its bid for Rolls-Royce aims to outdo BMW's existing offer of $340 million. The German car manufacturer is now offering $370 million, a $30 million increase, for the luxury car brand. As part of its bid, Volkswagen has also promised to keep
Automobile industry
Ford Motor Co. plans to offer side-impact air bags in all its car models in the US, starting with its luxury vehicles, as part of a broader effort to enhance vehicle safety. The introduction of side air bags is seen as a significant step in reducing fatalities in side-impact collisions,
