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vw to purchase cosworth?
- To: "quattro@coimbra.ans.net" <quattro@coimbra.ans.net>
- Subject: vw to purchase cosworth?
- From: Dave Eaton <dave.eaton@minedu.govt.nz>
- Date: Fri, 03 Apr 1998 21:00:30 +1200
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from the wire this afternoon....
"Vickers has made a loose agreement with BMW for the sale of Rolls-Royce. The
reported current bid by the German car manufacturer is (UKP) 340 million . The
German newspaper Bild reported yesterday that Volkswagon has now aggressively
approached Vickers with an estimated bid of (UKP) 565 million for the British
status symbol. In addition, Bild reports that Volkswagon has bid for Cosworth
which is owned by Vickers. Cosworth Racing, one of four divisions within
Cosworth, has a four year Formula One deal with Ford signed in 1997 and
currently supplies engines to Stewart, Tyrrell, and Minardi."