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Rolls-Royce has established a leading position in the corporate and regional airline sector through the development of the Tay engine, the Allison acquisition and the consolidation of the BMW Rolls-Royce joint venture. In 1999, BMW Rolls-Royce was renamed Rolls-Royce Deutschland and became a 100% owned subsidiary of Rolls-Royce plc. [49]
The Rolls-Royce BR700 is a family of turbofan engines for regional jets and corporate jets. It is manufactured in Dahlewitz, Germany, by Rolls-Royce Deutschland: this was initially a joint venture of BMW and Rolls-Royce plc established in 1990 to develop this engine. The BR710 first ran in 1995. [1]
Early work involved the development and production of the BR700 family of jet engines, launched in 1992. During 1999, it was announced that BMW was to discontinue direct involvement in the venture, leading to Rolls-Royce assuming full control in the following year and to the business being renamed Rolls-Royce Deutschland.
The aero-engine maker decided to license the Rolls-Royce name and logo to BMW and not to Volkswagen, largely because the aero-engine maker had recently shared joint business ventures with BMW. BMW paid £40m to license the Rolls-Royce name and "RR" logo, a deal that many commentators thought was a bargain for possibly the most valuable property ...
The company's automobiles are marketed under the BMW, Mini and Rolls-Royce brands, and motorcycles are marketed under the BMW Motorrad brand. Also in 2023, BMW was the world's ninth-largest producer of motor vehicles , with 2,555,341 vehicles produced [ 3 ] and in 2023 the 6th largest by revenue. [ 4 ]
Aircraft engine manufacturer Rolls-Royce keeps encountering new problems with its Trent 1000 engine. This will help its rival GE gain market share on Boeing's fast-selling 787 Dreamliner.
Jet engine maker Rolls-Royce said Tuesday it's cutting up to 2,500 jobs globally as part of a corporate overhaul that its new CEO is carrying out. The aerospace company was hit hard by the COVID ...
The 120-year old British brand came under full control of German carmaker BMW in 2003 and officially opened the site in West Sussex the same year. Rolls Royce says this expansion secures its ...