There is a very nice and concise history of Rover cars over at The Telegraph. I am not going to reprint it here, but do take a look at the article for a trip down memory lane.
Corporate Business
Christmas Windfall for MG Rover Directors
Directors Peter Beale and John Edwards of the vilified Phoenix Four are in line for a massive multi-million pound Christmas bonus from the remnants of the Longbridge empire, it was revealed today. The two former Longbridge bosses, who with fellow directors John Towers and Nick Stephenson have already enriched themselves to the tune of around £9 million each, will be entitled to another huge cash windfall next month. Staff
Corporate Business
Doubt over jobs at MG car plant
Around a fifth of the workforce at the MG plant in Birmingham could lose their jobs, the car manufacturer has said. MG Motor UK Ltd said 30 employees were at risk of redundancy following a review and restructure of business operations at the Longbridge site. The company, previously Nanjing, said it could not make assurances of long-term employment stability for staff due to the current economic climate. Production of the MGTF sports car restarted at the factory last year. A statement from MG Motor UK said: “The unique trading conditions we are currently operating in make any assurances of long-term employment stability difficult to predict. Following a review and restructure of its business operations the company has abided by the statutory consultation process and placed a number of employees ‘at risk’ of redundancy. “MG UK has always maintained that its […]
Corporate Business
MGTF Selling Out Fast
The Birmingham Mail reports that the new MGTF is selling quickly. MG enthusiasts keen to get their hands on one of the limited edition MGTF models will have to move fast – as the last few are now coming off the Longbridge production line. The first 500 MGTF models made at Longbridge have been the special LE500 versions and Chinese owned MG UK is now getting ready to make the more regular, cheaper version of the car in the New Year. To date 400 of the 500 have been sold and there are some still some available through dealers, although a lot of those are demonstrators. Eleanor De La Haye, MG UK’s corporate communications manager, said the reduction in VAT had given a last minute boost to the sale of the last few LE500s. “Sales have gone well and the […]