VW, Volvo talks could lead to merger
Article Abstract:
Volkswagen AG (VW) and Volvo AB are engaged in preliminary discussions on a cooperation agreement that could pave the way for a merger between the two companies. The chairman of VW, Ferdinand Piech, held a secret meeting with the president and CEO of Volvo, Leif Johansson, at the end of June 1998 to talk about the possibility of a major alliance. While VW would not comment on the reports, Volvo stated that the discussions had occurred.
Comment:
VW and Volvo AB engaged in preliminary discussions on a cooperation agreement that could pave the way for a future merger
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Volkswagen to buy Lamborghini, confirms it is interested in Bugatti
Article Abstract:
Volkswagen AG announced that it is planning to acquire Automobili Lamborghini SpA of Italy. Volkswagen also announced that it is interested in purchasing Bugatti. The moves are an attempt by the car maker to speed up its expansion into the luxury-car business. Lamborghini's purchase price is estimated to be from 150 million marks to 200 million marks ($83 million and $110.6 million).
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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VW wins fight to buy Rolls-Royce
Article Abstract:
Rolls-Royce Motor Cars Ltd. will be sold to Volkswagen AG for Pounds 430 million ($703.8 million). The move was finalized by a vote by Vickers PLC shareholders, and brings to an end an effort to keep Rolls-Royce British. BMW is not pleased with the deal and says that it will refuse to supply engines for Silver Seraph and Bentley Arnage. The Rolls-Royce name will be retained.
Comment:
Will buy Rolls-Royce Motors Ltd for Pounds 430 million ($703.8 million)
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Comment about this article or add new information about this topic:
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