Fleet News

BMW wins battle for R-R

GERMAN car manufacturer BMW is to buy Rolls-Royce for £340 million. The announcement by engineering group Vickers, which owns Rolls-Royce and Bentley, which is included in the sale, ends weeks of speculation over who would own the company.

The speed of the deal - which is expected to be formally approved by Vickers shareholders at the company's annual meeting on April 29 - surprised the motor industry. It came just a few days after Volkswagen, understood to be BMW's chief rivals for the marque, tabled a deal believed to around £400 million.

BMW has been the favourite to buy the company as it supplies engines for the new Rolls-Royce Silver Seraph, launched at last month's Geneva Motor Show. The deal follows BMW's acquisition of Rover Group for £800 million four years ago. BMW had already promised that if it was successful in buying Rolls-Royce it would not move production of the vehicles outside of the UK.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee