Archive for June, 1999

Archive : BMW boss warns Rover that losses must be halved by 2000

THE GUARDIAN Nicholas Bannister, Chief Business Correspondent BMW chief executive Joachim Milberg yesterday set tough performance targets for its struggling Rover subsidiary. He said that Rover, which lost £647m last year, would see the same level of loss this year. But the group would have to halve its losses next year and half them again [...]

Archive : BMW to put £3bn into Rover car plants

THE GUARDIAN Unions and industry experts hail ‘act of faith’ by Germans in the face of huge losses by British subsidiary BMW is planning to invest more than £3bn in its Rover car plants over the next six years although its loss-making UK subsidiary will not break even until 2002, two years later than planned. [...]

Archive : Mini Shortlisted For ‘Car Of The Century’

A team of the world’s leading motoring writers, along with voters on the internet, have short-listed the legendary Mini for the ultimate motoring accolade – the international ‘Car of the Century’ award. The award will be given to the car which, judged by a panel of motoring experts, best represents the story of motoring in [...]

Archive : Rover 75 sales hit the accelerator

BBC The success of the Rover 75 is crucial to the firm’s future Sales of Rover’s crucial new model – the 75 – have gone through the 10,000 barrier within less than a week after it arrived in car showrooms. The car, launched to the sound of the Royal Philharmonic Orchestra last week, has created [...]

Archive : Rover pins hopes on last chance saloon

THE GUARDIAN Motor industry waits to see if the 75 series will restore the fortunes of German-owned British giant Nicholas Bannister, Chief Business Correspondent The new car upon which Rover’s future depends went on sale yesterday to the sound of massed car horns. Rover, which has seen its sales slump in recent months, is counting [...]

Archive : Rover bets the company on the new, all-British 75 model

THE INDEPENDENT News Analysis: Today the UK group revels in the hype of a new launch, but this is just the first stage of a long and tough road to revival Michael Harrison Business Editor TODAY THE most important Rover car in almost a quarter of a century will go on sale in Britain. To [...]

Archive : Rover Revises 200 And 400 Ranges

Following the successful launch in April of the new Rover 200 and 400 SEi, iL and iS new derivatives, Rover has revised and simplified both ranges to provide outstanding specification and value for money. Following the repositioning of both 200 and 400 ranges i, Si, SLi, and GSi models have been replaced by new derivatives. [...]

Archive : Rover 75 Wins Endurance Charity Run

A Rover 75 has won a 24 hour endurance driving event organised by the High Performance Driving Club (HPC). The aim of the event was to drive as many miles as possible by circumnavigating Great Britain, taking in several motor racing circuits on the way. More than £68,000 was raised for Mencap. Rob Lyall and [...]