AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Phoenix buys Rover from BMW for 10 [pounds sterling].(Phoenix Consortium, Rover Group PLC, Bayerische Motoren Werke AG)(Brief Article)
The Phoenix Consortium, led be former Rover chief executive John Towers, has bought Rover from BMW for a nominal fee of 10 [pounds sterling].
After six years and 4billion [pounds sterling] worth of investment BMW has finally washed its hands of the loss-making company and sold it to the West Midlands-based consortium. It has also made a 500 million [pounds sterling] cash payment to Phoenix.
The deal is expected to safeguard at least 8,000 of the 9,000 jobs at Longbridge and brings further reassurance over the immediate future of the 20,000 workers employed by automotive suppliers in the area.
Phoenix will be taking on the development, production and …
-
- M&C unveils Rover TV work.
-
Magazine article from: Campaign
Tylee, John
July 20, 2001
700+ words
-
- New layout pulls Longbridge into shape.(MGRover consolidates...
-
Newspaper article from: Auto Industry
Pitman, Simon
April 6, 2001
700+ words
-
- Rover chief looks to an independent future.(MG Rover chairman, John...
-
Newspaper article from: Auto Industry
May 1, 2001
700+ words
-
- REVIEW.(Brief Article)
-
Magazine article from: Campaign
May 11, 2001
700+ words
-
- MG Rover gets its hands on Midland Powertrain at last.(Brief Article)
-
Newspaper article from: Auto Industry
June 1, 2001
700+ words
