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View Full Version : 200 parties interested in MG-Rover


Son Gokuu
04-21-2005, 03:23 PM
Without anymore World War bloody 3, from some certain gentlepeople, and, since this is for discussions worldwide and not for biased opinions, and since I never got a chance to have my final say before the my other 'thread' was 'locked', and since I don't wish to add to the older thread, since thats way back in the pile and do not wish to get in the brown stuff, and since I'd rather turn my attention away from the last POS of a thread I did, I have news, nothing for arguments, but for peoples views on this topic.

As some ay or may not know Britains last major ar manufacturer MG-Rover (Jaguar is classed as niché, and Land-Rover only make 4X4's, also both are owned by Ford), was placed into adminstraition two weeks ago, and, last Friday 5,000 out of 6,000 workers were made redundant. Well, it is announced that administraitors PriceWaterhouseCoopers (PWC), have iformed that there are 200(!) parties interested in buying all of part of MG-Rovers buisness and assets, 16 of the partes are from overseas news here (http://www.autowired.co.uk/news/article.aspx?storyid=13807). Other news (not reported on the site, but elsewhere) is that Chinese car manufacturer has plans to build the Rover 25 & 75, and maybe use the Rover K-series engine (a well estableshed engine introduced in 1989 from the Rover 200 & 400, and, from 1990 the 'new' Rover Metro), they are planning to have talks with BMW to use the Rover brand and badge so they can still be reverted as Rovers.
This means whoever buys the company may only end up with the MG name (the owners of MG-Rover I think own the Austin and Morris names and even Wolseley!). So we'll see what goes on.

Ben
04-21-2005, 03:36 PM
No offense, but I think you might get a better response on these kinds of topics on a car forum. People here don't really post about cars, not to mention British cars.

zmanjz
04-21-2005, 05:01 PM
I've got to admit. Corporate politics and contractual optioning/ liquidation regarding a semi-defunct British Car Company is a bit esoteric... even for Toon Zone.

Son Gokuu
04-22-2005, 06:59 AM
No offense, but I think you might get a better response on these kinds of topics on a car forum. People here don't really post about cars, not to mention British cars.Okey, dokey! Do we have a TZ forum that would ideal for this kind of topic to be in? Mind you in the US, you are lucky, as there isn't a massive influx of European cars, not like here, German cars are alright (they are sold in the US), but French cars are very unreliable (the amount of Peugots, Citroens and Renaults I've seen towed away, is shocking).
Was Rover ever sold in the US recently though? I know there was an attempt between 1987-91 when Rover sold the 800 series but the attempt failed. I think MG (Morris Garages) was also in the US.

BTW, you best watch out in the US, I heard General Motors could be using a Corperate name (simply as, wait for it - GM!), I don't know if it will work or not, here in the 1970's all names (cars, trucks buses and vans) that were part of the BLMC (British-Leyland Motor Corporation) Austin, Rover, Morris, Wolesley, Triumph, AEC, Bristol, Leyland, Daimler etc. all had British-Leyland 'wheel' badges on them, it was sometime nicknamed 'plughole', some of you in the US may remember this:
http://www.channel4.com/4car/media/classics/austin-allegro/02-medium/british-leyland.jpg
Didn't get a good name for themselves did it? Having a bad names, with the Allegros and Marinas, and on buses, the National citybus (which, I personally like the National) and the public slagging them off, until more recent years. Let's hope it doesn't happen to GM! They're already recording profit losses.

A bit off topic though, but British vehicles, may be coming to the US big time, this time buses, as Alexander-Dennis (who's predecessor - TransBus - went into administraion in March 2004) is to sell the Enviro500 double-decker in the States.

I guess the reason I posted this topic in th first place was, because, we all thought MG-Rover (a company who is privateley owned) was doomed, and that not many was interested in buying it, but it seems to have changed, 200 parties interested in buying seems, that there is a more likely chance of this once great manufacturer could be saved.

Update: It seems two former Iranian car manufacturers are intersted in MG-Rover. They were SAIPA and Iran Khodro, but it now seems they both deny any interest in buying MG-Rover. But there are many others in itersted in buying all or part of MGR. Watch this space.