Yeah but the 4 investors who "salvaged" MG -Rover a while back made a
killing when they sucked the company dry to pay themselves
multi-multi-million pound sterling bonuses!!! I draw some perverted
sort of comfort to know it isn't just the American CEOs who rape their
companies for personal profit.
Maybe the new owners of the MG name will buy the Miata factory in
Japan and make the car they should have made 15 years ago when the
Miata came out.
Sad news indeed.
Alan
'53 BN1 '64 BJ8
On 4/18/05, Peter Dzwig <pdzwig@summaventures.com> wrote:
> For those of you who may not have heard the Administrators (roughly the
> equivalent of officials put into manage under Chapter 11-type regs), have
> finally called it a day for MG-Rover production at Longbridge, which is the
>site
> of the works at which many Healeys were built.
>
> This is the end of the line for the last British volume (not very large
>volume)
> car maker. There is some hope that the MG name may be saved and something
>happen
> with it.
>
> Needless to say full-scale recriminations are under way, particularly as we
>have
> three weeks to a General Election.
>
> Peter Dzwig
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