VW May Top BMW Bid for Rolls-Royce

Volkswagen will raise its bid for Rolls-Royce Motor Cars to as much as $950 million after a first offer was topped by BMW, German newspapers said. One said VW’s board approved a bid of about $840 million and another said it was $950 million, $380 million more than the $570 million Rolls-Royce’s parent, Vickers, has accepted from BMW, as it will also include the purchase of the Cosworth engineering unit.