British Aerospace P.L.C. said it would appeal a European Commission order that it repay illegal Government subsidies it received when it bought the formerly state-owned Rover car maker. British Aerospace said it would appeal to the European Court of Justice the order to repay £44.4 million, or about $80 million. British Aerospace bought Rover from the Government for £150 million, or $272 million, in July 1988.
The company said it would file an appeal to protect shareholders’ interests and test its rights before the court. The Government has accepted the commission’s decision but has disputed the amount to be returned.
Is the Editor of the Parkers website and price guide, formerly editor of Classic Car Weekly, and launch editor/creator of Modern Classics magazine. Has contributed to various motoring titles including Octane, Practical Classics, Evo, Honest John, CAR magazine, Autocar, Pistonheads, Diesel Car, Practical Performance Car, Performance French Car, Car Mechanics, Jaguar World Monthly, MG Enthusiast, Modern MINI, Practical Classics, Fifth Gear Website, Radio 4, and the the Motoring Independent...
Likes 'conditionally challenged' motors and taking them on unfeasible adventures all across Europe.
Latest posts by Keith Adams (see all)
- The cars : Triumph 1300/Toledo/Dolomite development story - 25 February 2018
- History : MG Rover and China Brilliance - 24 February 2018
- Concepts and prototypes : Triumph SD2 - 18 February 2018