PriceWaterhouseCoopers has told MG Rover creditors that the company will be broken up. Out of 630 interested parties, only three had any chance of being successful. That is three out of nine that even had enough funds to try. With £1.4 billion in credit claims and few valuable assets, it seemed doubtful that any rescue deal could be worked out. Perhaps someone, like Honda or TVR, will by the rights to the MG name. SAIC in China will probaby try to buy the rights to Rover's designs. Our thoughts go out to those once employed by MG Rover. 


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X