Former Rover CEO is said to mull a counteroffer

Article Abstract:

John Towers, the former chief executive of the Rover Group, is preparing to acquire the group from Bayerische Motoren Werke AG. Mr. Towers is attempting to take Rover away from Alchemy Partners, a rival bidder.

Planning, Towers, John

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BMW is in talks to sell Land Rover

Article Abstract:

Bayerische Motoren Werke AG is engaged in talks to sell off its Land Rover operations to Ford Motor Co. Such a deal is valued at approximately 3 billion euros.

Strategy & planning, Utility Vehicles, Light Truck and Utility Vehicle Manufacturing, Ford Motor Co., Sport utility vehicles, F, Land Rover UK Ltd.

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Renault Steers Forward

Article Abstract:

Paris-based Renault in 1999 bought a controlling stake in Nissan Motor Co. of Japan and both were able to overcome language and cultural barriers in tackling the management problems. This is in contrast with the merged companies of Daimler-Benz AG and Chrysler Corp., and the brief merger between Germany's Bayerische Motoren Werke AG and British automaker Rover Group Ltd.

Japan, Acquisitions & mergers, France, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Motor Vehicles and Equipment, Daimler-Benz AG, Regie Nationale des Usines Renault, Chrysler Corp., Nissan Motor Company Ltd.

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