Commentary: Britain: Colonized And Loving ItStanley Reed
On Oct. 27, Vickers PLC, the defense company, put its prestigious but not-too-profitable Rolls-Royce PLC auto unit on the block. Germany's BMW emerged as the likely buyer. The news that a foreign company could wind up owning one of the most prominent symbols of Britishness would have sparked a nationalist uproar not very long ago. But the grumbles were few. "Dry your eyes," was the common take in the press. Sad as it may be, venerable Rolls is better off in the stable of BMW or another well-heeled auto player that can afford it.
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