Are not British workers the pips? They have trashed a deal to get the
plant back to work because the union were not satisfied with pensions,
redundnacy pay, and such !! They are going bust because the plant was too
expense to compete and here they are wanting MORE. I think all MG lovers
should come to terms with the fact that UK built MGs with character are a
thing of the past. Goodbye MG (Morris Garages) Hello MG (Made in Germany)
At 12:05 AM 4/29/00 EDT, LBCarCoMail@aol.com wrote:
>Here are the headlines go to www.yahoo.co.uk and then read the In the News
>area. ;(
>
>
>Byers Positive On Rover (Press Association)
>Friday April 28, 9:56 PM
>Trade Secretary Stephen Byers is offering hope to thousands of Rover workers
>after talks aimed at selling the car giant collapsed.
>
>BMW warns of Rover closure if no buyer emerges (Reuters)
>Friday April 28, 6:56 PM
>FRANKFURT (Reuters) - German car maker BMW has warned it will close its
loss-
>making Rover subsidiary unless it finds a buyer to replace venture capital
>firm Alchemy Partners after their talks collapsed over a financial wrangle.
>
>BMW confirms will open Rover books to Phoenix (Reuters)
>Friday April 28, 6:41 PM
>FRANKFURT (Reuters) - German car maker BMW has said it will move quickly to
>establish contact with the Phoenix consortium over the sale of its
>loss-making UK unit Rover.
>
>Rover deal crashed on last-minute liability fears (Reuters)
>Friday April 28, 6:38 PM
>LONDON (Reuters) - Venture capitalists Alchemy Partners ended talks to buy
>BMW's Rover unit because the scale of liabilities it was expected to assume
>torpedoed the finances of its bid, according to sources close to the
>negotiations.
>
>Government says BMW to start Rover talks with Phoenix (Reuters)
>Friday April 28, 5:39 PM
>LONDON (Reuters) - The government has said it has been advised by BMW that
>the German carmaker is ready to start negotiating the sale of its loss-
>making Rover subsidiary to the UK's Phoenix consortium.
>
>Rover factory could close in weeks (This is London - Evening Standard)
>Friday April 28, 5:07 PM
>BMW today threatened total closure of Rover within a month as talks with
>Alchemy Partners collapsed hours before they were due to sign a deal.
>
>Longbridge Workers 'Over The Moon' (Press Association)
>Friday April 28, 3:58 PM
>Staff at Rover's Longbridge plant have welcomed news of Alchemy's withdrawal
>from its deal with BMW with banners and cheering.
>
>BMW Raises Possibility Of Rover Closure (Press Association)
>Friday April 28, 3:57 PM
>BMW says it will pursue alternatives to end its involvement with Rover,
>including sale "or its closure", following the withdrawal from negotiations
>of venture capital firm Alchemy.
>
>BMW threatens total closure (This is London - Evening Standard)
>Friday April 28, 2:58 PM
>BMW today threatened total closure of Rover after talks with Alchemy
Partners
>- which had been expected to buy the company - collapsed.
>
>Phoenix sole bidder for Rover as Alchemy pulls out (Reuters)
>Friday April 28, 2:23 PM
>LONDON (Reuters) - German car maker BMW says that the UK Phoenix consortium
>has become the sole bidder for its Rover subsidiary after investment firm
>Alchemy Partners pulled out of talks to buy the loss-making carmaker.
>
>Earlier Stories
>
>BMW steps up Rover sale talks with sole bidder (Reuters) Friday April 28,
>1:44 PM
>Financial Conditions Wreck Alchemy Bid For Rover (Press Association) Friday
>April 28, 12:59 PM
>Alchemy pulls out of talks to buy Rover (Reuters) Friday April 28, 12:49 PM
>Alchemy Pulls Out Of Rover Bid (Press Association) Friday April 28, 12:28 PM
>BMW says to step up Phoenix talks on Rover sale (Reuters) Friday April 28,
>12:27 PM
>Longbridge Workers Cheer Alchemy Pull-Out (Press Association) Friday April
>28, 12:10 PM
>Rover sale deal collapses (This is London - Evening Standard) Friday April
>28, 12:07 PM
>Towers Rover Bid Back On Track (Press Association) Friday April 28, 11:58 AM
>Union boss says feels Alchemy may yet get Rover (Reuters) Friday April 28,
>10:44 AM
>Alchemy calls off deal with BMW on Rover (Reuters) Friday April 28, 10:08 AM
>Rover workers on knife-edge (This is London - Evening Standard) Friday April
>28, 9:20 AM
>BMW Dashes Rover Workers' Hopes (Press Association) Thursday April 27, 7:17
>PM
>Setback For Rival Rover Bid (Press Association) Thursday April 27, 5:57 PM
>BMW sees no basis for more Rover talks with Phoenix (Reuters) Thursday April
>27, 5:51 PM
>Rover unions say Phoenix bid could still succeed (Reuters) Thursday April
27,
>5:09 PM
>Phoenix group says Rover bid is not dead yet (Reuters) Thursday April 27,
>3:17 PM
>Tetley make tea bags, make...cars? (This is London - Evening Standard)
>Thursday April 27, 2:38 PM
>BMW Urged To Delay Rover Sell-Off Deadline (Press Association) Thursday
April
>27, 2:08 PM
>BMW sees no basis for further Rover talks with Phoenix (Reuters) Thursday
>April 27, 1:57 PM
>Rover Workers Visit Germany In Bid To Save Jobs (Press Association) Thursday
>April 27, 10:12 AM
>Unions ask BMW to give more time to Phoenix bid (Reuters) Thursday April 27,
>10:07 AM
>BMW to build 200,000 cars a year in UK -FT (Reuters) Thursday April 27, 2:42
>AM
>India's Tata may emerge as Rover bidder - paper (Reuters) Thursday April 27,
>2:29 AM
>Government warns BMW as Rover standoff nears end (Reuters) Wednesday April
>26, 7:56 PM
>Rover Suppliers To Get Multi-Million Aid Package (Press Association)
>Wednesday April 26, 6:46 PM
>Byers says BMW giving mixed signals on Rover bids (Reuters) Wednesday April
>26, 1:38 PM
>Rover Suppliers Win £10m Whitehall Aid (Press Association) Wednesday April
>26, 1:21 PM
>Govt unveils Rover aid to ease break-up shock (Reuters) Wednesday April 26,
>12:54 PM
>Rover hasn't extended Phoenix bid deadline - BMW (Reuters) Wednesday April
>26, 11:45 AM
>Government to publish report on Rover job cuts (Reuters) Wednesday April 26,
>10:59 AM
>
>
Regards
Barrie Robinson
barrier@bconnex.net
|