MG Rover vitals poor

After declaring bankruptcy and securing a small loan from the British government to keep afloat another week, 6,000 MG Rover workers were sent home, with paythis week, without any word if car production would resume again. MG Rover is losing $38 million to $47 million dollars a month, a statistic that doesn’t look good for PricewaterhouseCoopers, the bankruptcy overseers, or SAIC, the Chinese company that was to takeover Rover. This report says that SAIC is “highly unlikely to agree a rescue deal for MG Rover”.

By avant1963@cheersandgears.com
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After declaring bankruptcy and securing a small loan from the British government to keep afloat another week, 6,000
MG Rover workers were sent home, with
pay this week, without any word if car production would resume again. MG Rover is losing $38 million to $47
million dollars a month, a statistic that doesn’t look good for PricewaterhouseCoopers, the bankruptcy overseers, or
SAIC, the Chinese company that was to takeover Rover. This report says that SAIC is “highly unlikely to agree a rescue
deal for MG Rover”.