At 11:01 PM -0500 3/22/00, MGMagnette@aol.com wrote:
> >From The London Times....
>
>Alchemy names ex-Rolls chief to run MG BY JAMES DORAN AND CHRISTINE BUCKLEY
>CHRIS WOODWARK, the former chief executive of Rolls-Royce Motors, will today
>be named chief executive of the MG Car Company, created by Alchemy Partners
>to take over Rover from BMW. Mr Woodwark, chief executive of Staveley, the
>industrial group, is an Alchemy director. He was a key negotiator with BMW
>over the sale of Rover. It is hoped that his appointment will calm fears that
>Alchemy, a venture capital firm, lacks the expertise to run a car company.
>
>Mr Woodwark has worked for Chrysler UK, Land Rover, Rover International and
>Cosworth, the sports car engines manufacturer. The other MG board directors
>are less experienced in cars. Brandon Gough, the chairman, is an accountant
>and chairman of De La Rue, the printer. Graham Hallworth, finance director,
>is a director of Alchemy and led the turnaround of AG Stanley, the home
>furnishings group.
>
>An Alchemy source revealed that BMW is to give Alchemy 60 per cent of the
>450-acre Longbridge site, including one of the big assembly buildings. At a
>meeting today, Stephen Byers, Trade Secretary, is to seek reparation from BMW
>for its decision to sell Rover. He will ask Joachim Milberg, BMW chairman,
>for cash, land or property, or a mix of the three, and BMW's commitment to
>helping the regeneration task force. No figure has been set because it is not
>clear how many jobs will go.
>
>Mr Byers will also seek clarification from BMW of the future status of the
>engineering and research centre at Gaydon, Warwickshire, which employs more
>than 3,000 people. Unions said Rover Group had prepared plans for 9,500 job
>losses across Longbridge, Cowley and other sites. Rover denied this. Tony
>Woodley, T&GWU car industry negotiator, said he had spoken to two car
>companies about intervening over the Rover sale. Meanwhile, Honda has given
>details of 1,000 jobs to be created at its second UK car plant being built
>near Swindon. It is seeking 120 engineers and 800 production staff.
>
>Should I keep posting this stuff or are you people finding it on your own?
>-John
While I would not presume to speak for anyone but myself, I enjoy
getting this information. I do not have time to do a search for
myself. Thanks for your help.
--
Bob Shaw
Check out Shaw's Garage at http://www.mlcltd.com/shawsgarage/
My British Car is NOT leaky - it's merely marking its territory.
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