HC Deb 30 March 2000 vol 347 c240W
36. Mr. John M. Taylor

To ask the Secretary of State for Trade and Industry what is the position regarding BMW's ownership of Land Rover in Solihull; and if he will make a statement. [115698]

Mr. Byers

I understand that Ford has reached a memorandum of understanding with BMW to acquire Land Rover. The transaction is subject to BMW and Ford achieving a definitive agreement, due diligence and regulatory approvals. If successful the acquisition is expected to be completed in the second quarter of this year.