Walking away from Longbridge
Article Abstract:
BMW plans to transfer a Rover plant at Longbridge, Birmingham, to venture capital company, Alchemy Partners. Rover has suffered losses since it was acquired by BMW, and these losses have risen. British aid planned for Longbridge was blocked by the European Commission. Some 50,000 jobs are at risk at Longbridge and the government would be affected by job losses. Rover has seen a reduction in its market share since it was acquired. Honda previously owned a 20% stake in Rover and was offended when BMW acquired Rover without Honda being consulted.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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Faulty Towers?
Article Abstract:
The acquisition of Rover by Phoenix may not solve Rover's problems, due to excess capacity in the car industry, and the relatively small size of the company. Other problems are examined in detail.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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Barbarians at Bavarians' gates
Article Abstract:
Two key executives have been ousted from BMW, and this has led to speculation that the company could be sold. The company is 46% owned by the Quandt family, which could decide to retain BMW, which faces decisions over the future of Rover and its site at Longbridge, United Kingdom. There has been a process of consolidation in the car industry. A deal could be organized with Volkwagen since the Quandt family may prefer not to sell BMW to a non-German company.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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