Transportation equipment industry
BMW-owned Rover Group will implement significant cost cuts and job losses, saving the UK's largest car plant at Longbridge from closure, according to a senior Rover source. After weeks of intense rescue talks, company and union leaders have agreed on a plan to boost productivity by 30% to
Transportation equipment industry
Volkswagen has announced plans to invest £500m in the Rolls-Royce and Bentley car models manufactured at the Crewe factory, with the aim of boosting production to 9,000 cars a year over the next five years. The investment will see the launch of a new medium-sized Bentley model, to be
United Kingdom
BMW is under scrutiny for allegedly profiting from sales in the UK while shifting the blame for its losses at Rover to the strong pound. Analysts have found that the favorable exchange rate has resulted in bigger profits for the company without any corresponding decrease in prices for UK customers.
Transportation equipment industry
BMW, the Bavarian carmaker, has firmly rejected the latest wave of takeover threats from major automotive players, including Volkswagen and Fiat. Despite reports of interest from these companies, BMW's CEO, Bernd Pischetsrieder, has assured investors that the company remains committed to its strategy of offering high-value products across
Transportation equipment industry
In a dramatic finale, Graham Morris, chief executive of Rolls-Royce Motor Cars, resigned last week in protest of the deal that saw the brand's sale to Volkswagen and BMW. Morris had led the workforce at the Crewe plant, reassuring them that the factory would continue to produce both
Transportation equipment industry
A bitter battle for control of Rolls-Royce Motor Cars has been won by Volkswagen, while BMW will acquire the Rolls-Royce trademark under a deal involving the two German motoring giants. The agreement has significant implications for the future of Rolls-Royce and Bentley, with Rolls-Royce Plc chairman Sir Ralph Robins emphasizing
Transportation equipment industry
Industry leaders BMW and Fiat have strongly rejected reports of a possible alliance or merger between the two companies. Fiat's officials claim they have not had discussions with BMW since the 1980s, while BMW's spokesperson dismisses the rumors as "complete rubbish." Meanwhile, Volkswagen has
Transportation equipment industry
A landmark twist has emerged in the struggle between BMW and Volkswagen for the highly prized Rolls-Royce name. Volkswagen has taken over the Rolls-Royce Motors factory in Crewe, but despite this, the Rolls-Royce name remains available for sale, with BMW seen as the likely buyer. If Rolls-Royce plc sells the
Transportation equipment industry
A consortium of Rolls-Royce and Bentley enthusiasts, led by Michael Shrimpton, is launching an eleventh-hour bid to keep the car manufacturer under British ownership. With just four days left before shareholders decide the fate of Rolls-Royce Motor Cars, the group is prepared to outbid Volkswagen's offer of $430
Transportation equipment industry
Rolls-Royce, the luxury car company, is at the center of a bidding war between Volkswagen and BMW, with a new group of bidders, Crewe Motors, launching a bid to outbid Volkswagen's £430m offer. The group, led by barrister Michael Shrimpton, claims to have backing from customers around the
Transportation equipment industry
BMW's new Le Mans car is a highly advanced, open-topped, two-seater that competes in the prototype category. The car's chassis is being built in Britain in conjunction with Williams, while its 6.0-litre V12 engine is being prepared in Munich. The engine is a development of
Transportation equipment industry
BMW has threatened to develop its own luxury car if it fails to win the battle for Rolls-Royce, with plans to use its Warwick subsidiary and Hams Hall factory to spearhead the project. The company sees a market for a British-style chauffeur-driven limousine to compete with Rolls-Royce, but the idea
