Britain: Flying High with Rolls

Among auto classicists, Rolls-Royce is perhaps the proudest name of all. But as it happens, Britain's Rolls-Royce Ltd.

would almost seem to be losing interest in the auto business; it makes only 2,000 cars a year, sells them at a starting price of $18,000, and 80% of its $356 million annual business is done in jet aircraft engines.

Now Rolls-Royce has taken a step that will make it the world's second biggest aircraft-engine manufacturer — next only to the U.S.'s Pratt & Whitney. For cash and stock worth $175,400,000, Rolls-Royce bought out Bristol Siddeley Engines Ltd., which already has the...

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