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cockneyexile | 21:59 Thu 07th Apr 2005 | News
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will rover survive till the end of the week or exist long enough to clinch the chinese deal
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no just heard they've gone into liquidation
They've denied it!

It will be a shame for this country to lose it's last truly British motor manufacture, and of course you have to feel for the thousands about to lose their job. But you cannot expect the Government to continually bail out companies such as these, who at the end of the day only have themselves to blame.

My wife used to own a Rover 200, and two years ago I bought an MG ZS. I can honestly say hand on heart, they are the worst piles of crap we have ever owned.

They went into receivership this morning

 

The Chinese deal fell through.

The Chinese got what they wanted, intellectual rights to the manufacturing process, designs and the results of years of hard work by clever British folk. What they didn't want was a manufacturing plant that cost more than it earned, and to extend largesse to British workers rather than their own and cheaper alternative. Sounds like a good and successful deal to me!

Notice that PM Blair tried to get something out of it by going on TV to say that he thought a renewed approach to the Chinese might save UK jobs. Even he had to gulp in embarrassment when he heard those silly and so clearly doomed words come out of his mouth.

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