Would the demise of Rover be the end of BMIHT Jonmac?
Mark Ascherl
1981 TR8 DHC FI
Raleigh, NC
----- Original Message -----
From: "John Macartney" <jonmac@ndirect.co.uk>
To: "Triumph Mailing List" <triumphs@autox.team.net>
Sent: Friday, April 28, 2000 3:28 PM
Subject: Rover today - TODAY
>
> Friends
> No doubt Leon will post an update on the latest news to break today in
Europe. Seems
> Alchemy Partners bid for Rover has crashed in flames. BMW seem to have
made it clear that
> there is one month left for other bidders to come up with a purchase offer
for Rover, and
> presumably the money as well - otherwise the plan is that Rover goes
'historical' - and
> for good. Quite how this will affect us at Gaydon or the Ford offer for
Land Rover is not
> clear.
> I suspect the unions will fall heavily behind the Phoenix bid from ex MD
John Towers and
> his cohorts and no doubt there will be some genteel horse-trading to save
what they can.
> The threat by BMW to shut down the lot within the month, must presently be
sending some
> icy shivers around the Blair administration because closure would suggest
a swing of
> public focus towards "what's the government going to do about it?"
> Personally, I don't see any reason at all for the British taxpayer to bale
out Rover (it
> won't be the first time) except last time around it was called British
Leyland and the
> volume division was the loss leader then, as now. But will government
just let it wither
> on the vine? To do so would be the shot in the arm that Tony Blair's
socialist vote in the
> key constituencies just doesn't need. So what will we see now? Bye bye
Rover or the
> pledging of public money at zero interest to underwrite the Phoenix bid -
or what?
> We shall see what we shall see - and en passant, would anyone like to
receive my Resume
> :)?
>
> Jonmac
>
>
>
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