The BBC’s Chanel 4 News is reporting that thousands of jobs at two UK car plants could be at risk as a result of a worldwide sales slump. General Motors, the world’s biggest car company which owns Vauxhall, said it will be bankrupt within months unless it gets an emergency cash injection from the US government to help it during the global financial crisis. The firm said it had called off merger talks with Chrysler and was asking the government for help after using up $6.9 billion (£4.4 billion) in the third quarter of 2008. The company employs around 5,000 workers at plants in Luton and Ellesmere Port, Cheshire, which produce around 215,000 vehicles a year. Meanwhile, German car giant BMW announced that production of the Mini was to be curtailed, with workers at plants at Oxford and Swindon told […]
A museum dedicated to the MG car has reopened in Abingdon. The MG Museum opened on October 25 on the second floor of the County Hall Museum, in Market Place. The small museum, organized by former MG employee Brian Moylan, ran for a trial each weekend throughout last winter. However, it has now been given a permanent home – with the promise of more space to follow when the museum is revamped. Abingdon Works Centre, the local branch of the MG Car Club, donated £500 towards expanding the exhibition.
Driving.ca is reporting that the current financial crisis is having an impact on the collector-car scene, with prices all over the map at the first Barrett-Jackson Auction held in Las Vegas, Nevada recently. Hemi Mopar madness has ended – the days of the $80,000 Austin Healey and six-figure E-Type Jaguars are over for now. A 1962 Healey 300 MKII (Lot 762), which was a ground-up restoration by Healey Lane, of Oregon, was perfect yet sold for a mere $53,900. In January, that car would have sold in Scottsdale, Ariz., for $80,000. (All prices in U.S. dollars.)