Rover deal on rocks; 1 more month, says BMW

Wernle, Bradford
May 2000
Automotive News;5/1/2000, Vol. 74 Issue 5872, p4
Trade Publication
Reports that BMW AG has extended its search for a buyer for its Rover Group subsidiary following collapse of the latter's negotiation with venture capital firm Alchemy Partners. Option for BMW if it failed to find a buyer for its subsidiary; Alchemy's statement concerning the breakdown of negotiations; Overview on British consortium named Phoenix's acquisition proposal for Rover Group.


Related Articles

  • A week in cars: Pondering the BMW-Rover era; saying goodbye to Tony Crook. Cropley, Steve // Autocar;2/5/2014, Vol. 279 Issue 6085, p21 

    The article presents the author's insights on the automobile industry in Great Britain as of February 2014. Discussion and highlights are given on the purchase and acquisition of British state-owned company Rover by automobile manufacturer Bayerische Motoren Werke AG (BMW) and the death of...

  • BMW's breakdown. Johnson, Richard; Ostle, Dorothee // Automotive News;9/13/1999, Vol. 74 Issue 5837, p3 

    Focuses on the acquisition of Great Britain-based car company Rover Group by BMW. Purchase's impact on the business operations and financial performance of BMW; Role of former BMW chief executive Eberhard von Kuenheim in the purchase deal; Mismanagement of Rover Group acquisition by BMW executives.

  • Recent case. Commentary: The Rover case (2) - bargaining in the shadow of TUPE. ARMOUR, JOHN; DEAKIN, SIMON // Industrial Law Journal;Dec2000, Vol. 29 Issue 4, p395 

    The article discusses various issues surrounding the role of the Transfer of Undertakings (Protection of Employment) Regulations (TUPE) and the Acquired Rights Directive in situations of corporate rescue in relation to the sale of the Rover Group by BMW to Alchemy Partners. It explains the role...

  • BMW roves into sport-utilities. Serafin, Raymond; Downer, Stephen // Advertising Age;2/14/1994, Vol. 65 Issue 7, p39 

    The article reports on BMW Group AG's acquisition of Rover Group. The deal would enable BMW to compete with Mercedes-Benz in the sport-utility market. Under the acquisition deal, BMW will get an 80 percent share in Rover. BMW Chairman Bernd Pischetsrieder reveals that Rover 800 series will be...

  • Rover inspires BMW strategy shift. Kurylko, Diana T. // Automotive News;3/30/1998, Vol. 71 Issue 5759, p10 

    Reports that BMW AG has changed its product strategy substantially since acquiring Rover Group in the United Kingdom. Comments by BMW Chairman Bernd Pischetsrieder on company plans; Strength of the British pound which is hurting Rover's finances; Overseas projects.

  • Boardroom sweep out at Rover. Glover, Maurice // Automotive Engineer;May99, Vol. 24 Issue 5, p4 

    Reports that the German automotive company, Bayerische Motoren Werke AG, has announced that it will change the way of operation of its outpost, the Rover Group Ltd. in Great Britain by creating a fresh management structure and effectively ousting the key board members. Reaction of Nick...

  • Bavarians at the gate.  // Time International (South Pacific Edition);1/16/95, Issue 3, Fortune p5 

    Reports on the acquisition of the Rover Group by Bayerische Motoren Werke AG (BMW). Terms of acquisition; Expected benefits for BMW.

  • Rover on the range.  // AutoWeek;2/20/95, Vol. 45 Issue 8, p9 

    Reports on developments in the BMW-Rover alliance, as of February 1995. Testing of the Rover 100 five-door convertible near Phoenix, Arizona; Plans for pressing the 100 platform into a Mini; BMW boss Bernd Pischetsrieder's efforts to pressure his Rover subsidiary to replace the Mini; Year-end...

  • Niche vehicles help separate Rover, BMW. Kurylko, Diana T. // Automotive News;5/22/1995, Vol. 69 Issue 5605, p14 

    Reports that niche vehicles help keep Bayerische Motoren Werke (BMW) AG and Rover separate in customers' eyes. BMW's abandonment of small-car project; BMW's competition with Mercedes-Benz and Swatch Smart automobile.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics