February 4, 2006 at 11:46 am
· Filed under Cars, China, International News
Six months after Nanjing Automobile bought MG Rover, Rover’s future is looking bleak as Nanjing doesn’t seem to be doing anything about restarting Rover’s production.
Nanjing rescued Rover from bankruptcy from USD2.44 billion worth of debts in July 2005 and stated it aimed to produce at least 80,000 sedans and sports cars a year within five years in Britain with 2000 British workers, on top of production in China.
But what’s happening now doesn’t really reflect that plan. The UK factory is being packed up slowly and send to China by boat.
Source: Reuters
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February 4, 2006 @ 11:35 pm
What a sad end to such an illustrious marque.
I remember the old days when I was in school and a dad of a friend of mine used to drive a Rover and my dad used to tell me about the car in such high regard.
I’ve always thought highly about Rovers since then.
What a pity. I hope they won’t let it go down like that and at least try to revive it.
February 5, 2006 @ 2:46 pm
yeah.pity Rover.
so,any updates about the 4 Phoenix???
i heard Brit Govt will bring 4 Phoenix case to court.
but one of them join Austin Healey company as partner.
February 7, 2006 @ 8:21 pm
guess this is their original plan, buy the name, start it at china. shortcut to success.
cheers…