Fleet News

VW vows to fight on to buy Rolls-Royce

VOLKSWAGEN is still in the race to buy Rolls-Royce despite present owner Vickers announcing that it agreed to sell the luxury car maker to BMW for £340 million. Following confirmation by Vickers that it had reached full agreement on the sale to BMW - which is conditional on shareholder approval next month - Volkswagen said it intended to place a higher bid for Crewe-based Rolls-Royce to shareholders.

A Volkswagen spokesman said: 'We really do want to win this race, and Rolls-Royce has our full concentration right now. It will be for shareholders to make the choice, and we hope they will accept what we offer.'

Back at Crewe, Rolls-Royce chief executive Graham Morris said: 'This issue needs to be brought to a conclusion as quickly as possible. While it is not affecting sales, it is creating tension and people tend to worry. 'We're beginning to feel a little unsure that what we are doing is absolutely right.'

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

Comments

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