5 years ago.(News)(Brief Article)

Automotive News Europe,  February, 2004  

• E-mail
• Print
• Link

The top stories from Automotive News Europe's February 15, 1998, issue - and how they developed.

BMW fires Pischetsrieder

BMW Management Board Chairman Bernd Pischetsrieder is ousted from the company during a supervisory board meeting because of mounting losses at BMW's Rover unit. He is replaced by Joachim Milberg.

* Under Milberg's guidance BMW sold the Rover and MG brands for a symbolic [pounds sterling]10 in May 2000 to the Phoenix Venture Holdings. Milberg also helped the company become the world's second-most profitable automaker after Porsche. Helmut Panke succeeded ...

Read the rest of this article with a Free Trial at HighBeam Research.