Mark,
It was my understanding that the BMIHT and it's associated parts were a
separate non-profit organization and thus would be protected from corporate
uphevals. What I'm curious about is how this will affect the "Heritage
Approved" scheme and the parts (body and otherwise) that are being
manufactured by Heritage.
This is BAD news for we hobbyists.
Brian
"Mark the Shark" <markie@gte.net> wrote:
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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