BMW Reduces Stake in Rolls Royce

Washington DC February 27, 2006; The AIADA newsletter reported that BMW said last Friday it has reduced its share in Rolls Royce Group, PLC from 9 percent to 3.25 percent. The automaker said the sale will generate a gain of $358.7 million for the current quarter, reports The Associated Press. BMW builds Rolls Royce brand cars, having brought control of both the name and its manufacturing operations from Volkswagen in 2003.

Copyright © 1996-2009 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by Gordon Communictions and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | RSS feeds | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit press releases or news stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/

TheAutoChannel is represented by Gorilla Nation. Please contact Gorilla Nation for ad rates, packages and general advertising information.