Word: automakers
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Dates: during 1966-1966
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...million bid to buy the Rover Co., whose Land Rover sales have been hit by Japanese competition. With 70,000 employees and $840-million-a-year revenue from 10% of the passenger-car and 25% of the commercial-vehicle markets, Leyland-Rover would become Britain's No. 3 automak er, after British Motor Corp. and Ford. Though the marriage seems to be one of necessity. Leyland Chairman Sir William Black says that Rover has been "a glint in our eye for a long time...
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