Transportation equipment industry
Volkswagen, a prominent German automaker, is vying to acquire Rolls-Royce Motor Cars, the luxury car division, from Vickers for a higher bid of up to £500m, contrary to Vickers' plans to sell it to BMW for £340m. The sale of Rolls-Royce Motor Cars to BMW has been in the
Transportation equipment industry
Vickers, the owner of Rolls-Royce, is in a precarious position. Chairman Sir Colin Chandler has announced a deal to sell the company to BMW for £340 million, but Volkswagen has expressed interest in outbidding the German auto giant by as much as 50%. This has raised concerns among Vickers shareholders,
Transportation equipment industry
Volkswagen is poised to submit a £400m bid for Rolls-Royce Motors in a move that could shake up the automotive industry. The German automaker, which has an existing bid of £315m on the table, has raised its offer in an attempt to outdo BMW's agreed bid of £340m.
Transportation equipment industry
BMW remains the preferred bidder for Rolls-Royce Motor Cars, despite rival Volkswagen offering a higher bid. Exclusive talks between BMW and Rolls' parent Vickers are progressing smoothly, with a possible agreement by the end of the month. However, if no deal is reached, Rolls will be open to fresh
Transportation equipment industry
As BB&T acquires Virginia First Savings Bank and Tultex employees approve a new labor agreement, significant changes are underway in the economic landscape. In one move, BB&T is integrating Virginia First's five branches in the Roanoke Valley into its operations, while Tultex workers gain
Transportation equipment industry
South Korea's automotive sector has been under strain following last year's debt crisis, and Kia Motors Corp. has been no exception. The company, once the country's second-largest car maker, was placed under receivership by a South Korean court, paving the way for potential sale
Transportation equipment industry
Automakers in the US are increasingly prioritizing side-impact safety, with major players like Ford and General Motors committing to integrate side air bags into their vehicles. Ford's announcement to equip all its US models with side air bags within the next several years marks a significant step towards
Transportation equipment industry
The Honda Civic, assembled in Alliston, Ont., as well as Ohio and Japan, has taken the lead in Canadian car sales, displacing the Chevrolet Cavalier, as reported by General Motors of Canada Ltd. The Civic's surge in sales, with 9,756 units sold in the first three months
Transportation equipment industry
BMW, which supplies engines to Rolls-Royce, has threatened to stop delivering components if the British automaker's parent company, Vickers, accepts a bid from Volkswagen. The German automaker's warning was made in response to reports that Volkswagen is still in the running to buy Rolls-Royce, despite BMW&
Transportation equipment industry
BMW has won the coveted Rolls-Royce brand in a highly competitive bidding war, eclipsing rival Volkswagen and a group of passionate Rolls-Royce enthusiasts. The German automaker's offer of $570 million has been accepted by Vickers PLC, the corporate parent of Rolls-Royce, which had put the luxury automaker up
Transportation equipment industry
Bristol, Tenn. - Rusty Wallace won the top starting spot for the Food City 500 at Bristol Motor Speedway with a lap of 124.275 mph in his Ford Taurus, beating Jeff Gordon. This marks Wallace's fourth pole position at the track and his sixth win. Wallace attributes
Transportation equipment industry
AMEC Construction, based in Stratford-upon-Avon, is leading the design and construction of a £109 million medicines research facility in Kent for Pfizer, a subsidiary of a US pharmaceutical giant. The centre, set to be completed in 2000, will accommodate 650 scientific and support personnel. Meanwhile, IT contracts are being awarded
