Selling your classic car? It's FREE to list your car on Honest John Classics | No thanks

Bulgaria to build Maestro

18 April 1992

DAILY EXPRESS
BULGARIA TO BUILD MAESTRO
By Tom McGhie

ROVER is planning a partnership with Bulgaria to build the Maestro Clubman as part of a new drive for business in East Europe. Talks have taken place with the Bulgarian Defence Ministry to produce the Maestro, the Land-Rover and pick-up trucks in former arms factories..

A senior Bulgarian economic expert said yesterday that Rover planned initially to spend £11 million on the project and later the investment would soar to £70.5 million with the building of an assembly line. Rover would own 49 per cent of the venture and the Bulgarian Defence Ministry and its subsidiary plants 25 per cent. The remaining 26 per cent would be offered to private Bulgarian firms. The plans are to assemble 46,000 Rover Maestro Clubman models and Land-Rovers and 8,000 pick-up trucks a year. Some 30 per cent of the parts making up 60 per cent of total production costs, will also be made in the plants.

The first Land-Rovers will be assembled in Bulgaria before the end of 1992 followed by the Maestro, a defence official confirmed yesterday. Rover would sell 50 per cent of the output abroad. Until now Bulgaria has had only a small assembly plant for Russian-made Moskvitch cars and imported 120,000 Italian-designed Ladas a year from Russia. This is the second major plan by the Rover Group, which is owned by British Aerospace to build in the East. In January it was revealed that the group planned to sink millions of pounds to build up to 150,000 Montego cars in Russia. Initially the Russians would assemble the Montego from components shipped out from Britain, but ultimately the Russians, who admire the robust Montego design, would build modified Rover designs.

More news from the archive

Sun, 01 Dec 1991
NEW YORK TIMES COMPANY NEWS; Shifts at British Aerospace Published: Wednesday, December 11, 1991 British Aerospace P.L.C. said...
Wed, 05 Feb 1992
British Deal Upheld Reuters Published: Wednesday, February 5, 1992 The European Court of Justice today quashed a European Commission...
Thu, 26 Mar 1992
NEW YORK TIMES BUSINESS PEOPLE; Jaguar Cars Selects Its Next Chairman By ADAM BRYANT Published: Thursday, March 26, 1992 Jaguar Cars...
Thu, 09 Apr 1992
UK General Election The United Kingdom general election of 1992 was held on 9 April 1992, and was the fourth consecutive victory for...
Sat, 18 Apr 1992
NEW YORK TIMES COMPANY NEWS; Rover Planning Bulgarian Venture Published: Saturday, April 18, 1992 Britain's Rover Group, part of British...
Tue, 21 Apr 1992
NEW YORK TIMES COMPANY NEWS; Ford's Jaguar Bet: Payoff Isn't Close By STEVEN PROKESCH, Published: Tuesday, April 21, 1992 To Ford...
Mon, 27 Apr 1992
BusinessWeek April 27, 1992 THESE REPAIR JOBS ARE TAKING A LITTLE LONGER THAN EXPECTED Two years ago, General Motors Corp. and Ford...
Tue, 21 Jul 1992
NEW YORK TIMES COMPANY NEWS; ROVER GROUP OPENS $380 MILLION AUTO PLANT IN ENGLAND Published: Tuesday, July 21, 1992 Rover Group, the...
Sun, 09 Aug 1992
THE INDEPENDENT Rover on the road into Europe in a second-hand sale by BAe: It is no longer a case of whether Britain's last car giant...
Wed, 26 Aug 1992
THE INDEPENDENT August car sales dash hopes of manufacturers MICHAEL HARRISON HOPES that bumper August car sales would provide the...
 

Compare classic car insurance quotes and buy online. A friendly service offering access to a range of policies and benefits.

Get a quote