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I'm not sure the UK nationalizing car companies is a great example that we should be looking at - via British Leyland, they nationalized a lot of brands that ne
by sjm-lbm 7y ago
I'm not sure the UK nationalizing car companies is a great example that we should be looking at - via British Leyland, they nationalized a lot of brands that never really recovered (Rover, Triumph, Austin, etc.).
- catalogia 7y ago> car companies It wasn't about cars, it was about jet engines. The original Rolls-Royce produced both cars and airplane engines and was nationalize in 1971. The automobile part of the business was sold by the government two years later in 1973 as Rolls-Royce Motors while Rolls-Royce Limited produced jet engines and remained nationalized for 18 years. Today Rolls-Royce is the second largest manufacturer of jet engines, after GE.