BMW Group
A heated dispute over the sale of Rover Group has escalated between Germany and Britain, with labor unions calling for a massive demonstration in London on April 1 to protest the expected thousands of job losses and the British government criticizing BMW's handling of the deal. The announcement
BMW Group
As the 9,000-strong workforce at the Rover plant in Longbridge, Birmingham, begins to feel the effects of the sell-off, with shifts being scaled down and pay reduced by £80 a month, the Trade and Industry Select Committee has announced an investigation into the events leading up to the sale.
BMW Group
As Jon Moulton, the British venture capitalist, laid out his strategy for the newly acquired Rover brand, workers at the Longbridge plant were left wondering about their future. The plant, a 94-year-old sprawling patchwork of assembly shops, has been the epicenter of the British automobile industry, employing 9,000 workers
BMW Group
The British automotive industry has undergone significant changes in recent years, with a decline in British ownership. In a surprising move, BMW A.G. announced that it will end its investment in the troubled Rover Group, selling off its Longbridge plant in Birmingham, England. The plant, which employs 9,000
Transportation equipment industry
A vote is expected to end industrial action at the Land Rover factory in Solihull, where workers have been protesting over new shift arrangements proposed by BMW. The move comes as the company receives a major investment from BMW, worth over £3 billion, which is set to boost the local
Transportation equipment industry
BMW, the German carmaker, has officially unveiled its investment plans for Rover, its troubled British subsidiary, securing the future of tens of thousands of jobs in the Midlands. The company will commit up to £2.3 billion to the Longbridge plant in Birmingham, including £700 million for the new Mini,
Transportation equipment industry
The BMW-owned Rover car company is set to launch its new Rover 75 car, a crucial model that could secure the future of its British workforce. Despite a significant slump in UK sales, with a 29% decline in the first five months of this year, Rover is pinning its recovery
Transportation equipment industry
British driver Martin Brundle's Le Mans 24-Hour victory hopes were dashed when his Toyota suffered suspension problems after hitting a chicane. This enabled the BMW team of Pierluigi Martini, Yannick Dalmas, and Joachim Winkelhock to claim a famous victory in a drama-packed race. Brundle, usually heard commentating on
Transportation equipment industry
Toyota's entry into the luxury market with the Lexus brand has generated significant interest, particularly with the introduction of the IS200, a rear-drive sports saloon that directly challenges the BMW 3-series. The Lexus IS200 is a precision-crafted vehicle that boasts a new rear-drive platform, a 2-liter straight-six engine
Transportation equipment industry
Ford, one of the major players in the automobile industry, has announced plans to slash 680 jobs at its British plants, in the latest sign of the cutthroat competition in the sector. The job cuts, which will be mainly voluntary redundancies, are aimed at improving efficiency. This move comes just
Transportation equipment industry
Tony Blair announced a major initiative with a million free tickets for children to visit the Millennium Dome, while Manchester United secured a crucial win in the Champion's League. However, the week was marked by controversy, particularly in the world of politics. Labour MP Joe Ashton was embroiled
Transportation equipment industry
David Reitzle, a former BMW executive, has been appointed chairman of Jaguar Cars, effective Monday. Reitzle's appointment comes as BMW and the UK government engage in talks over a potential £1.7 billion investment in new facilities at the Longbridge plant in Birmingham. The talks aim to provide
