Aldebaran:
Volkswagen wan buy everything

Innoson beware

CityNGR:

Don't make me laugh abegi

Aldebaran:

So DON'T you want the World's Auto Giant Volkswagen to buy Innosons

berrystunn:
Not up to 1b
Even obj can buy it

obafemee80:


In 1998,Volkswagen and BMW had a bidding war to buy the Rolls-Royce Motors when the owner , Vickers (also the owner of Bentley) , decided to sell the luxury brand.

The most likely buyer was BMW, which already supplied engines and other components for Rolls-Royce and Bentley cars.

BMW had the deal almost wrapped up with a final offer of £340 million before Volkswagen came in at the last minute with £430 million to win the deal for both brands.

But this didn’t mean that Volkswagen Group ( that currently sell passenger cars under the Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Skoda and Volkswagen models ) owned everything about the Rolls-Royce brand.

Volkswagen only bought the Rolls-Royce designs, nameplates, administrative headquarters, production facilities, Spirit of Ecstasy and Rolls-Royce grille shape trademarks .They didn’t buy the right to use the Rolls-Royce name or logo which belongs to Rolls-Royce plc.

Rolls-Royce plc, the aeroplane-engine maker, preferred BMW and for only to £40 million,it licensed the Rolls-Royce brand name and logo to BMW AG (the better part of the deal)

BMW also threatened to cut off engine supplies within a year ( which was part of their initial agreement ), a move that frightened customers and cut orders by 30 percent .

This means that Volkswagen won't be able to build new Engines that will power the Rolls-Royce vehicles within that time frame.


VW's Bentley

After a lengthy battle, the two German Automakers entered into negotiations and agreed that :

Volkswagen will use BMW's Rolls-Royce brand name and logos to produce Rolls-Royce branded vehicles between 1998 and 2002.


BMW's RR

Also, BMW will continue supplying engines and components to Volkswagen's branded Rolls-Royce until the end of 2002, after which they will acquire the rights to the Spirit of Ecstasy and Rolls-Royce grill shape trademarks from Volkswagen AG. 

The time will also allow BMW to build a new Rolls-Royce administrative headquarters and production facility.

From January 1st 2003,BMW-owned Rolls-Royce Motor Cars Limited became the exclusive maker of Rolls-Royce branded cars,with the Rolls-Royce Phantom becoming the first luxury car offered for sale .

Volkswagen also became the sole provider of luxury Bentley car brands.  

What do you think?

https://autojosh.com/how-volkswagen-lost-the-rolls-royce-brand-to-bmw-four-years-after-buying-it-for-₦200b/

berrystunn:
Not up to 1b
Even obj can buy it

Duru1:


The above complex arrangement would not have happened if Africans were behind or on the process. It would have resulted in the destruction of the automakers. A bank which is indebted to an auto producer and the silly Nigerian government are hell bent to destroy INNSON.

obafemee80:

True Talk bro

Duru1:


It is time Africans had a grip on reality. Africans shamelessly harp on racism, which is a misnomer, that does not exist and rampantly kill each other on a slightest or no provocation. It is really a shame.

Samuelscott:
was bought €430 million in 1998

Chukazu:
This British folks MUMU die!

How can they be selling off priced national iconic brands?

BedLam:
Do you see how trade and competition works ? Just slug it out without tampering with other's businesses. The one black man that I know would have run to the Govt to crippled their rival's businesses.

We still have a long way to go, we don't know business about jack. Not in politics, life, or even in business.

That's why companies like glo can't even appeal to poor Nigerians.