MG Rover
Sanctaphrax
16-04-2005, 22:20
What is your opinion on the problems currently facing MG Rover? What is the future of them, if indeed there is one?
I think it's a shame they're closing but the business was poorly managed and they didn't release any new car models, so obviously everyone (or at least the vast majority who could afford it) who wanted the cars they produced already had one.
As I said, it's a shame for British manufacturing and all the workers, but sadly there isn't a lot that can be done... :(
Freakstonia
16-04-2005, 22:26
It doesn't look good unless there's a goverment bail out along with a corporate shake up.
Sanctaphrax
16-04-2005, 22:29
It doesn't look good unless there's a goverment bail out along with a corporate shake up.
The governments been bailing Rover out since the dawn of time, its about time they started surviving by themselves. Unfortunately, they got to be so crap that even other companies wouldn't buy them.
Phoenix Consortium pretty much killed MG Rover. They didn't invest in the company, instead they just sold off the profitable parts of the company and hung the workers out to dry whilst they escaped with a few hundred million pounds. Wonders of the free market.
its a pity...they had a new car in the pipeline that was rumoured to be pretty good, and it certainly looked good. if they had been able to hold out for a year or so (which is why they were talking to SAIC) they could have got that on the market they could have been saved. probably would have had to lay off some staff, but nothing as disastrous as this.
but Phoenix just managed it really badly...that car i refer to is already late