You are here: / / / Phoenix And BMW Sign Contract

Phoenix And BMW Sign Contract

Author: Tyrepress Editors Comments: 0

The Phoenix consortium and BMW have signed a deal to sell Rover to Phoenix. BMW has contributed £500 million to the deal and additional finance has been obtained by American company Burdale Financial. It is expected that 2,000 jobs will be lost, which is fewer than would have been lost under the plan of Alchemy Partners who had pulled out of talks with BMW recently.

Related news:

  1. Goodyear to Invest $30 million in Fayetteville
  2. Goodyear to Close 92 US Retail Outlets
  3. US Government Likely to Support Automaker Rescue
  4. TMD Friction Acquired in Equity-backed Management Buy Out
Comments
Comments closed
Share this entry
Ford Ambitious to Become Largest Tyre Marketer in USA Agricultural Tyre Market: 2001 has been a difficult year

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.