Rockwell set for huge investment
29th September 1988, Page 12
29th September 1988
Page 12
Page 12, 29th September 1988
— Rockwell set for huge investment
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• American giant Rockwell International will invest over $600 million in its automative division over the next five years, says corporate chairman and chief executive Donald Beall.
A 27% jump in the division's sales last year has encouraged the move. As the BI-B bomber programme ends (aerospace earnings fell by 33%), Rockwell sees the truck and car components market as a lucrative expansion area.
Beall plans to restructure Rockwell's light vehicle businesses in Europe, buy up the Frencti company Soma and assume full ownership of major axle businesses in Brazil and Italy.
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