VICKERS ANNOUNCES SALE OF ROLLS ROYCE TO VOLKSWAGEN.
FILE PHOTO 30MAR98 - Rolls-Royce chief executive Graham Morris stands by a Silver Seraph outside the Rolls-Royce plant in Crewe March 30. Rolls Royce parent company, Vickers plc, announced May 7 that they had accepted an offer of $714.4 million from German car manufacturer Volkswagen AG, some $144 million more than rival German car maker BMW offered last week.
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