When did BMW buy Rolls-Royce?

I know that BMW and Rolls-Royce used to be separate companies, but now I think BMW owns Rolls-Royce. When did that buyout take place?

Liz Jenson · Answered on Jan 04, 2023
Reviewed by Shannon Martin, Licensed Insurance Agent.
You’re right on the money! BMW bought Rolls-Royce in 1998. Rolls-Royce has been a subsidiary of BMW ever since.
Actually, there was a bit of drama between BMW and Volkswagen during this time, as each brand attempted to buy Rolls-Royce in 1998. Prior to the buyout, BMW had signed an agreement to provide all engines, electronics, and powertrains for Rolls-Royce vehicles. Then, Volkswagen announced that it had bought a major Rolls-Royce manufacturing facility and rights to the Rolls-Royce radiator grille and the Emily design.
Once BMW heard this news, the company bought the rights to the Rolls-Royce name and logo, then pulled all of their engine, electronic, and powertrain deliveries. Eventually, BMW and Volkswagen struck a deal that allowed Volkswagen to keep the major manufacturing plant but gave BMW the rights to any Rolls-Royce cars produced.
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