Byers pledges aid for Longbridge

Article Abstract:

UK Secretary of State for Trade and Industry Stephen Byers has indicated that government ministers are investigating ways of ensuring that BMW does not close down the Rover plant at Longbridge, England, on which around 50,000 jobs depend. However, ministers also recognize that the future of the plant has become very uncertain. The closure of the plant would have a very negative impact on the economy of the West Midlands, as well as marking a watershed for the UK car industry as a whole.

United Kingdom, Government domestic functions, Plant shutdown, Beliefs, opinions and attitudes, Automobile industry, Buildings and facilities, BMW AG, Rover Group Ltd., Byers, Stephen

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Tanks and car group Vickers 'facing hostile break-up bid.' (from Mayflower)

Article Abstract:

Engineering concern Mayflower has confirmed that it is considering making a takeover bid for Vickers, which is involved with Challenger tanks and Rolls-Royce cars. Vickers is preparing to defend itself against a possible bid, and has stated that it does not believe that Mayflower would be able to fund a takeover. If Mayflower does make a bid, then it could cancel the sale of Rolls-Royce and instead sell Vickers' defence activities.

Engineering Services, Military Armored Vehicle, Tank, and Tank Component Manufacturing, Tanks & Tracked BF Vehicles, Tanks and tank components, Engineering firms, Tracked military vehicles, Mayflower Corporation PLC, Vickers PLC

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Race to decide ownership of Formula One enters final lap

Article Abstract:

German media concerns Kirch and EM.TV are seeking to take control of SLEC, Formula 1's holding company, from Bernie Ecclestone and his family trust. However, Ecclestone could still sell between a quarter and a third of Formula 1 to a group of car manufacturers.

Asset sales & divestitures, Germany, Television Broadcasting, Television broadcasting stations, Radio and Television Broadcasting, Radio & TV Broadcasting, Television broadcasting industry, Broadcasting industry, Broadcasting, SLEC Holdings, Automobile racing, Kirch Group, EM.TV

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