3 edition of Sale of Rover Group plc to British Aerospace plc found in the catalog.
Sale of Rover Group plc to British Aerospace plc
Great Britain. Parliament. House of Commons. Committee of Public Accounts.
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In July , the British government announced that it would sell the Rover Group Plc, then led by chairman Graham Day, to British Aerospace, Britain's largest manufacturing and engineering group. The sale, with a price tag of $ million, did not pass without controversy. Rover Group plc is privatised; sold to British Aerospace, and renames itself Rover Group Car Holdings Ltd; its two remaining subsidiaries being Austin Rover and Land Rover. The mass market car subsidiary, still named Austin Rover Group Ltd, shortens its name to simply Rover Group Ltd - thus ending the use of the Austin brand in the.
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DEPARTMENT OF TRADE AND INDUSTRY: SALE OF ROVER GROUP PLC TO BRITISH AEROSPACE PLC between cash injection and consideration was reduced to E million, including the cost of easing tax restrictions [paragraphs and ).
On the price paid 6. The Rover Group plc was the British vehicle manufacturing conglomerate known as "BL plc" until (formerly British Leyland), which had been a state-owned company since It initially included the Austin Rover Group car business (comprising the Austin, Rover, Mini and MG marques), Land Rover Group, Freight Rover vans and Leyland Rover Group also owned the dormant Headquarters: Longbridge, Birmingham, England.
In July ofthe British government announced that it would sell Rover, then led by chairman Graham Day, to British Aerospace, Britain ’ s largest manufacturing and engineering group.
The sale, with a price tag of $ million, did not pass without controversy. In the Rover Group was sold to BMW and British Aerospace Space Systems was sold to Matra Marconi Space. In BAe's shareholding of Orange plc was reduced to 5%.
The Orange shareholding was a legacy of the 30% stake in Hutchison Telecommunications (UK) : Merged with Marconi Electronic Systems. After much restructuring and divestment of subsidiary companies, it was renamed as the Rover Group inlater becoming a subsidiary of British Aerospace and subsequently, BMW.
The Rover marque then became the flagship brand of the newly and eponymously renamed Rover Group inwhich included the actually stronger and more valuable brand names Land Rover and Mini as it passed first. Sale of Rover Group plc to British Aerospace 6th Report HC Not applicable Further Examination of the Sale of Royal Ordnance plc 13th Report HC Cm Sale of Government Shareholding in British Steel plc 20th Report HC Cm Sale of the National Bus Company: 9th Report HC Cm The Rover Group plc was the name given in to the British state-owned vehicle manufacturer previously known as British Leyland or BL.
Owned by British Aerospace from towhen it was sold to BMW, the Group was broken up in with the Rover and MG marques being acquired by the MG Rover Group.
Rover Group PLC sold by British Government to British Aerospace. Austin Rover Group is re-branded Rover Group. Its final launch was the MG Maestro Turbo, powered by a turbocharged engine and one of the fastest hatchbacks in the world with a top speed of nearly mph ( km/h).
On 29 Marchthe Chancellor of the Duchy of Lancaster and Minister of Trade and Industry, Kenneth Clarke, announced the sale to British Aerospace of the Rover Group, the new name of British Leyland, which had been nationalised in by the government of Harold Wilson.
In the Rover Group was sold to BMWand British Aerospace Space Systemswas sold to Matra Marconi Space. In BAe's shareholding of Orange plcwas reduced to 5%.
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The Austin Rover Group (abbreviated ARG) was a British motor was created in as the mass-market car manufacturing subsidiary of British Leyland (BL). Previously, this entity had been known as BL Cars Ltd (formerly Leyland Cars) which encompassed the Austin-Morris and Jaguar-Rover-Triumph divisions of British Leyland.
After a major restructuring of BL's car manufacturing. The brand continued operating under the new company, untilwhere it was established as a separate company, but still as a division of the British Leyland. It later went on to become part of the Rover Group PLC when British Leyland was acquired by British Aerospace.
In the Rover Group was sold to BMWand British Aerospace Space Systemswas sold to Matra Marconi Space. In BAe's shareholding of Orange plcwas reduced to 5%. The Orange shareholding was a legacy of the 30% stake in Hutchison Telecommunications (UK) Ltd.
The Rover Group plc was the name given in to the British state-owned company from vehicle manufacturer BL (formerly British Leyland).It initially included the Austin Rover Group car business (comprising the Austin, Rover, Mini and MG marques), Land Rover Group, Freight Rover vans and Leyland Trucks.
The Rover Group was owned by British Aerospace (BAe) from to. In BL sold Jaguar Cars into private ownership. The depleted BL was itself renamed in to Rover Group plc prior to its sell-off to British Aerospace.
In the truck and bus businesses were sold off. The remaining volume car business was sold to BMW in Career. Simpson joined The Rover Group from its subsidiary Leyland-DAF in and took over as managing director in January  Simpson reorganised the company, replacing the three boards of Austin Rover, Land Rover and the Rover Group with one single board.
 By this time Rover had been privatised and sold to British Aerospace (BAe) and by early Simpson had been appointed to. Rover Group. likes. The Rover Group plc was the name given in to the British vehicle manufacturer BL, which had been state-owned company since.
In June he was appointed Vice-President of the SBAC (Society of British Aerospace Companies) and was President from June until June From to Mr. Turner was a Non-Executive Director of Babcock International Group plc. Austin Rover Group PLC became Rover Group PLC.
August. Rover Group PLC was privatized and sold to British Aerospace on the 12 th. Rover Group was sold to BMW. All of the Rover Group, except for the Mini, Triumph and Riley names and British Motor Heritage, was sold off by BMW to the Phoenix Consortium. The Land Rover Discovery and the new Rover Series enter production around the time of the rebranding, with the Rover Series and the new Rover Metro just months away from launch.
Rover Group PLC sold by the British government to British Aerospace.In Julythe British government announced that it would sell the Rover Group Pic, then led by chairman Graham Day, to British Aerospace, Britain ’ s largest manufacturing and engineering group. The sale, with a price tag of $ million, did not pass without controversy.Rover Group plc was the name that was given by the British government, into the state-owned vehicle manufacturer British Leyland.
After divesting of its commercial vehicle and bus manufacturing divisions the company by then consisting of the car manufacturing arm Austin Rover Group and the Land Rover Group was privatised in by the sale of the company to the also formerly state.