Independent Profits Only 16 months after it was put on the auction block in the wake of a spectacular bankruptcy, Rolls-Royce Motors Holdings Ltd. is doing well indeed. After riding in the red for years, it has announced a pretax profit of $11 million on sales of $117 million in 1973.

Much of the credit goes to Managing Director David Plastow, 42, who was named head of the new management group that launched the motor division as an independent firm after its aero-engineering parent went under. Plastow says that the breakup of the old company was the best thing that...

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