The emblem of the German carmaker Volkswagen AG is seen on a Rolls-Royce Silver Shadow as a hood ornament in a July 2 Associated Press file photo. Volkswagen AG said Tuesday it had reached an agreement with rival BMW AG over the name rights to Rolls Royce. VW said BMW would take over the brand of Rolls-Royce from 2003, while VW would exclusively concentrate on the development of the Bentley brand.