The Sock Diary

Musings of a part-time Sweaty Sock.

Thursday, April 07, 2005

Confusion over MG Rover's future

BBC NEWS | Business | Confusion over MG Rover's future. Whatever is going on, it looks bad for MG Rover. The last real Brit car company looks like it's biting the dust. Bummer. I thought they'd sussed it.

2 Comments:

  • At 6:40 pm, Anonymous otter one said…

    But who thought that selling a British car manufacturer to the Chinese, who can employ workers at a tiny fraction of the cost of their British equivalents, was going to save the Longbridge factory? Just looked like a total non-starter from the beginning, a cynical exercise that enabled the Rover execs to collect their big pay-packets before being able to walk away from the whole mess, blaming the Chinese, the Government, the Unions or whoever else took their fancy.

    'Live by the sword, die by the sword' etc - if Rover can't cut it in the marketplace (as they have fairly conclusively proved) why should the Government be scrambling to man the buckets (full of public money) to bail them out? The water's coming in through too many holes...

    Apologies if I pushed the analogy a little there, I'm quite pi$$ed (o;

     
  • At 3:41 pm, Blogger PartTimeSock said…

    You're right. It was probably, in hindsight, a pipedream. It may be that it wouldn't have been had the Phoenix Group not extracted quite as much money in salaries and bonuses as they appear to have done. It also reeks of a cock-up/feather-lining that the Shanghai Motor company (sorry, forgotten full name and on dial-up (slow) connection) bought the licence to manufacture the cars and the Rover identity a few months back. Apparently they have the right to construct Rover branded cars, and, since they own the brand, can veto any buyers... if any are found. I think it's the end. Sadly.

     

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