BMW begins talks to sell Rover unit to Phoenix group

Article Abstract:

Bayerische Motoren Werke AG will begin talks on selling off its Rover division to the Phoenix Consortium. However, there are doubts about the ability of the British consortium to acquire Rover.

Planning, BMW AG

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Phoenix Is Rising as Bidder for Rover

Article Abstract:

BMW seeks written financial assurances as the earlier deal lacked alchemy with the Phoenix Consortium bid for the Rover car operation.

United States, Austria, Acquisitions & mergers, Automobiles and other motor vehicles, Autos & Motor Vehicles Whsle, Automobile and Other Motor Vehicle Wholesalers, Management, Wholesale industry, Wholesale trade, Rover Group Holdings PLC, Automotive wholesalers, BMW Austria GmbH

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A big auto maker seeks joint venture on Rover 25 and 45. (Rover Group Ltd.'s plan to revamp models)

Article Abstract:

United Kingdom-based automobile maker Rover Group Ltd., announce plans to jointly revamp its Rover 25 and 45 series, with an unnamed partner. Rover Group Ltd., has been in contact with other automobile makers.

Production management, Alliances, partnerships, Joint ventures, Design and construction, Rover (Automobile)

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