Shrimpton leaves Rolls-Royce action

Barrister Michael Shrimpton is no longer chairman of the Rolls-Royce Action Committee, the group of enthusiasts who want to mount a £680m bid for Rolls-Royce Motor Cars to stop it falling into foreign hands. This was confirmed by Al Melling, designer of the V10 engine which the RRAC is proposing for new Rolls-Royce models if […]

Barrister Michael Shrimpton is no longer chairman of the Rolls-Royce Action Committee, the group of enthusiasts who want to mount a £680m bid for Rolls-Royce Motor Cars to stop it falling into foreign hands.

This was confirmed by Al Melling, designer of the V10 engine which the RRAC is proposing for new Rolls-Royce models if it buys the prestige car maker.

A car industry source said: ‘Shrimpton wouldn’t go without a fight, but there’s been manoeuvring to oust him.’

It is still not clear if a memorandum of sale has yet been sent to the RRAC by Lazards, the merchant bank handling the sale.

Rolls-Royce was put up for sale by parent Vickers last year and a decision on the new owner will be taken in March or early April.

Meanwhile Mayflower, the Coventry automotive parts maker which mounted an abortive £1bn bid for Vickers last year, said that bid cost it £1.9m. The figure was shown in Mayflower’s annual report for the year to 31 December, which showed that pre-tax profits jumped to £33.3m from £17.9m last time.

Mayflower plans to spend up to £250m on acquisitions after the summer.