MG Rover still in limbo
Reuters reported today that MG Rover's new owner, Nanjing Automobile, will fail to meet its year-end deadline to
announce plans to revive the British automaker.
Apparently the Chinese auto company is still searching for investors and a new management team.
MG Rover closed its doors earlier this year, unable to meet
its debt obligations. 5,000 auto workers lost their jobs in the process.
While November's announcement that Nanjing had a tentative agreement with its partner, GB Sports Car, to take over the
Austin-Healey brand indicates that there is at least some life in Nanjing's revival planning, it looks increasingly
like MG Rover fans and employees should settle in for a long, cold winter.
For more on the history and fate of MG Rover check out its enthusiast site here,
and this in-depth analysis of its
current struggles.
Reader Comments (Page 1 of 1)
2Suave 10:50PM (12/18/2005)
This post has been up for several hours with no comments.
I guess nobody gives a shit what MG Rover does or doesn't do. And why should they?
That company is dead and likely to be no different from Nash, Hudson, Studebaker, Packard, Kaiser, Frazer, etc.
Reply
wallpapers 10:50PM (12/18/2005)
No wonder nobody cares... I don’t even know anybody who owns a MG
Reply