Heard today that Ford has made an offer to buy Volvo Automotive
Division. Interesting thought having a Jag & Volvo under the same
roof..
Hopefully, the quality of the Volvo will rub off on the American made
products and not the reverse...
Later,
Carl F. Musson,
You can't tell which way the car went by just looking at the road...
TR3A's - TS25264L ('58 Almost Daily Driver)
& TS81802LO - ('61 Concours d'Wannabe)
Current Status: Rolling Chassis - almost complete- in the carport;
body tub and Loose Sheet Metal in Restoration Shed;
and in 31 boxes, 4 file cabinets, & the 4 corners of the garage.
Tampa, Florida (USA)
-----Original Message-----
From: Kai Radicke [mailto:mowogmg@pil.net]
Sent: Thursday, January 28, 1999 3:26 PM
To: MG List
Cc: Triumph List
Subject: OT: Some Industry News...
Lucas Varity (maker of our many parts on our cars) will
be purchased by TRW
.
From CNNfn:
"...and auto parts maker TRW has agreed to purchase
British firm
LucasVarity - but another Lucas suitor may be waiting in
the wings to outbid
TRW."
"TRW + LucasVarity = $6.61B deal
U.S. auto parts maker TRW (TRW) unveiled the full
details of its
long-awaited buyout of U.K. automotive and aerospace
parts manufacturer
LucasVarity Thursday as it announced a 4.0 billion pound
($6.61 billion)
all-cash deal.
TRW's says it will pay 288 pence a share, or $47.35,
for Lucas' American
Depositary Receipts.
But it may not be a done deal. A bidding war for
LucasVarity could be in
the works after Federal-Mogul (FMO) said it may decide
to make a formal bid
to top TRW's agreed-upon offer. "
http://cnnfn.com/worldbiz/9901/28/trw_lucas/
American Lucas Parts?
--
Kai Radicke -- kai@radiohead.net
IRC: irc.mcs.net, #inet-access
1966 MGB -- 1974 Triumph TR6
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