When was rolls royce nationalised

Over 2, people are employed at The Home of Rolls-Royce. Rolls-Royce Ltd. Rolls-Royce plc designs and manufactures engines for civil aerospace and military aircraft and ships.

Its Power Systems business unit, based in Friedrichshafen, Germany, designs and manufactures engines for a range of land and marine applications including power generation. Rolls-Royce plc has customers in more than countries, comprising more than airlines and leasing customers, armed forces, 70 navies, and more than 5, power and nuclear customers.

For the last 60 years it has also designed, supplied and supported the nuclear propulsion plant that provides power for all of the UK Royal Navy's nuclear submarines.

In January , Rolls-Royce plc reached agreement with investigating authorities in the UK, US and Brazil relating to its activities in a number of overseas markets. In the late s, Rolls-Royce became hopelessly crippled by its mismanagement of development of its advanced RB jet engine and the consequent cost over-runs, though it ultimately proved a great success.

In , the owners were obliged to liquidate their business. The useful portions were bought by a new government-owned company named Rolls-Royce Limited which continued the core business but sold the holdings in British Aircraft Corporation BAC almost immediately and transferred ownership of the profitable but now financially insignificant car division to Rolls-Royce Motors Holdings Limited.

This it sold to Vickers in Rolls-Royce obtained consent to drop from its name in It had a 6-cylinder engine; cars were built. In , the company opened a second factory in Springfield, Massachusetts in the United States to help meet demand , where a further "Springfield Ghosts" were built.

This factory operated for 10 years, closing in Its chassis was used as a basis for the first British armoured car used in both world wars. In , the company acquired rival car maker Bentley, whose finances were unable to weather the Great Depression. From then until , Bentley and Rolls-Royce cars were often identical apart from the radiator grille and minor details.

Rolls-Royce and Bentley car production moved to Crewe in , and also to Mulliner Park Ward, London, in , as the company started to build bodies for its cars for the first time: previously it had built only the chassis, leaving the bodies to specialist coachbuilders. Rolls-Royce Limited had been nationalised in due to the financial collapse of the company caused in part by the development of the RB jet engine.

In the British government sold the Rolls-Royce car business to allow Rolls-Royce Limited to concentrate on jet engine manufacture. In Rolls-Royce Motors was acquired by Vickers. In Vickers decided to sell Rolls-Royce Motors.