US/GERMANY: FORD CONSIDERS BMW BID

Article Abstract:

US car manufacturer, Ford, is thought to be considering buying a stake in German carmaker, BMW with an eye to an eventual takeover. Ford originally offered to buy Rover group in exchange for a BMW stake but the offer was rejected with BMW agreeing instead to sell Land Rover to Ford for GB[pound] 1.85bn.

United States, Ford Motor Co., F

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UK: TATA IN TALKS OVER ROVER?

Article Abstract:

Indian conglomerate, Tata, is understood to have entered into a private deal with German car manufacturer, BMW, allowing it access to the financial records of UK-based car maker, Rover. The indications are that Tata's automotive offshoot, Telco, may be interested in volume production at the Rover plant of the Indica, with executives believing that a version of the small car could prove popular in the UK. Tata is known to be keen on European Union expansion and has been impressed with the rate of UK market penetration by Korean car company, Hyundai. News of Tata's potential interest emerged as ex-Rover executive, John Towers, revealed to BMW his proposals for the Longbridge facility. Mr Towers is keen to glean more time to devise a bid via Phoenix. His plan has the backing of union chiefs since it would entail only 1,000-2,000 jobs being lost and volume output would be sustained.

United Kingdom, Strategy & planning, Rover France S.A., TATA Ltd., Telco

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Renault set to take 2.6bn pounds sterling stake in troubled Nissan

Article Abstract:

Japanese car manufacturer Nissan, which is experiencing financial difficulties, will have a stake of up to 40% taken by Renault, its French counterpart, for around 2.6 billion pounds sterling. This deal will create the fourth-largest car manufacturer in the world, with sales of just over 4 million vehicles. Industry experts believe that there will be good strategic alignment between the two companies, even though Renault will gain effective management control.

Comment:

Will sell stake of up to 40% to Renault for about 2.6 billion pounds sterling

Japan, Acquisitions & mergers, France, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Motor Vehicles and Equipment, Transportation equipment industry, Regie Nationale des Usines Renault, Nissan Motor Company Ltd.

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