Does Bmw Own Rolls-Royce?

Rolls-Royce Motor Cars is a wholly-owned subsidiary of the BMW Group.

How much did BMW buy Rolls-Royce for?

'' In the agreement announced in London today, BMW said it had acquired the Rolls-Royce name -- and the ''Spirit of Ecstasy'' emblem that adorns the hoods of Rolls-Royce cars -- from Rolls-Royce P.L.C. for $65 million, a sum regarded by many analysts as a steal.

Why did Rolls-Royce sold to BMW?

Rolls-Royce Motor Cars was put up for sale last autumn by the British conglomerate Vickers PLC, which wanted out of the automotive business to focus on other operations including defense contracting. As part of Tuesday's deal, BMW withdrew its earlier threat to cut off engines it supplies to Rolls-Royce Motor Cars.