No Picture
Corporate Business

Creditors failing to claim £40m MG Rover cash

Many trade creditors hit in the pocket by the collapse of Longbridge are missing out on a £40 million-plus nest egg – more than four years on from the demise of MG Rover. An unspecified number of potential claims from the UK and overseas – worth nearly half a billion pounds – have not materialized since the Birmingham car firm closed in April 2005, it was revealed yesterday. Administrators Pricewaterhouse-Coopers disclosed in the latest Joint Liquidators Report that up to £464 million of further claims could still be admitted despite the increasing time gap. With two dividends amounting to a total of 6p in the pound already paid to approved claimants some creditors are forgoing sums of many thousands of pounds.
No Picture
Corporate Business

MG Rover: Don’t forget the Workers

Whilst the Phoenix Four – via their media spokesperson – engage in an a somewhat unseemly public spat over who was responsible for the collapse of MG Rover four years ago with the loss of 6,300 jobs at Longbridge and several thousand more in the wider economy, we need to remember who really lost out here. I doubt if it was the Phoenix Four, who did rather well out of the whole affair – after all their remuneration, pensions and other benefits ran into the millions. Rather, it is the workers and their families, who deserve some answers as to what went so wrong at MG Rover under Phoenix’s stewardship. Lord Mandelson’s statement earlier this week that the Serious Fraud Office (SFO) is to investigate the circumstances surrounding the collapse MG Rover back in 2005 did genuinely come as a […]
No Picture
Classic Cars

MG Midget is a mechanic’s dream

This story from the San Francisco Chronicle…. Richard Haas is a marketing consultant based in the Peninsula. A Bay Area native, he was brought up in the United States, South America and Europe. I grew up with British motorcycles and cars – BSAs, Triumphs and MGs. My first motorcycle was a 650 side valve BSA with sidecar I bought with an older friend. I remember my Mom’s black MGA fondly, and my first college car was a Sunbeam Alpine. One day in 1996, my future wife and I were driving past a gas station on Camden Avenue in San Jose when we spotted a green MG Midget with a “for sale” sign. We called the guy who had left it there – it was a repo (thanks to too many traffic tickets), and he wanted $1,600 for it. It looked […]
No Picture
Corporate Business

Yuman sees similarities between GM and British Leyland

An interesting article from The Yuma Sun …. Stan Gourley is a man who obviously loves cars, particularly his 1970 Triumph TR6. The car sits in his garage, partially restored. “You know,” Gourley said, looking at his jasmine yellow car, “it’s really sad to think that in 20 or 30 years this TR-6 would probably be a Chevrolet Camaro or a Pontiac GTO or an Oldsmobile 442.” Gourley, a man who knows British sports cars, explains that he thinks what happened to the British Leyland Co. back in the ’70s and what is occurring to General Motors now is too similar to be ignored. “They were a giant company that dominated the market for British cars in the ’60s and ’70s, but then they had real labor problems, the government nationalized the companies, then guaranteed billions of dollars in bailout […]
No Picture
Corporate Business

Budget MG’s here (or there) at last!

It was understandable that MG should want to mark its return to business in the UK last year by launching a comprehensively-equipped version of the TF sports car, in the form of the LE 500. But all the extra features included with the car ended up taking its price above £16,000 -and into the area occupied by its formidable roadster rival the Mazda MX-5.Now the entry-level version of the TF has arrived and, in retrospect, the Chinese-owned firm may have been better served by going with the standard car from the word go.The new MG TF 135 will retail for £13,511, which in itself is not bad value for a 1.8 litre, mid-engined soft-top sports car. Throw the government’s scrappage scheme into the equation, however, and you can get a new TF for £11,511, plus your old banger as a […]
No Picture
Events

MG 2009 Starts Today in Breckinridge, Colorado

MG 2009 is an event that all of you British car lovers aren’t going to want to miss. It starts June 24th and runs until June 28th. This is a North America MGB Register’s annual event that is hosted by a different chapter of The MG Car Club each time, so we are very lucky to have this national meet right in our own backyards. This year’s host is The MG Car Club Rocky Mountain Centre. Now most of the events had to be registered for as part of the club, but there is one that will surely draw attention: The Peak 9 Car Show and Concours. The event will be on Saturday, June 27th in Breckenridge. More details to follow as I get them, so check back soon or check out the MG2009 website here. Another event that might […]
No Picture
Classic Cars

MGLive! Ticketing Goes Live

Admission tickets for MGLive!, the World’s largest MG event, which is being staged over the weekend of July 10, 11 and 12 at Silverstone circuit, are now available to purchase online from www.mglive.com – and those who book early will save £5 per ticket! MG enthusiasts can purchase their admission tickets securely through a familiar shopping cart system and select which events they’d like to participate in throughout the course of the weekend. Those who pre-book will benefit from a £5 saving when compared to the on-the-gate prices. With such a vast array of activities programmed, the online ticketing system separates each individual activity and allows enthusiasts to tailor a bespoke MGLive! weekend package. For those seeking an adrenaline laced experienced there is the autotest, sprint and Pirelli Pro Rally Rides but for a more sedate weekend the concours and […]
No Picture
Corporate Business

MG’s Quiet Revolution

The launch of a new variant model by any car company is relatively common – but the first glimpse of the Longbridge-built MGTF 135 deserves closer scrutiny. This is not just any variant, this is the first standard car – as opposed to a limited edition two-seater – that the famous old Birmingham factory has produced since its closure with the loss of 6,500 jobs back in April 2005. The owners of Longbridge, SAIC/Nanjing, have often lived up to the Chinese reputation for inscrutability in the intervening four years, with a number of false dawns and missed deadlines for model launches. But since Shanghai Automotive Industry Corporation took over Nanjing Automobile 16 months ago, Longbridge would appear to have a more secure future, with deeper pockets and a much more significant resource base.
No Picture
Corporate Business

MG is Shanghai Favorite

This MG 6 liftback could herald the return of MG to North America, according to officials from Chinese parent company SAIC. Badged MG 6, the new four-door was the undisputed star of the Shanghai motor show. The MG 6 has been conceived to breathe new life back into the MG brand following its purchase by SAIC. The Chinese automaker also owns the former Rover, known as Roewe, which it bought from the Nanjing Automobile Group in 2007. Although billed as a concept, the MG 6 closely resembles the car SAIC plans to put into production later this year based on the same basic underpinnings the Roewe 550, itself built around a modified version of the Rover 75 platform originally engineered by BMW.
No Picture
New Cars

Newest MG Revealed

Last week at the 2009 Shanghai Auto Show, the Shanghai Automotive Industry Corporation (SAIC) revealed the MG division’s newest MG concept—the MG6. The MG6 concept is based on the Roewe 550 four-door sedan, which is said to use a modified version of the Rover 75’s front wheel drive platform from some years back. Of course this means the MG6 is set to come equipped with the K-series like 1.8-liter 4-cylinder gasoline engine. The twist—the MG6 will be available with a 160 hp turbocharged 1.8-liter for those looking for a little more punch than 130 hp that will come with the base motor. All of this is wrapped in a Ford Mondeo-esque like body and is slated to arrive as a production car in the Chinese market for 2010
No Picture
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 […]
No Picture
Racing and Competition

MG TF LE500 set for its first race

MG’s new TF LE500 is set to take part in its first race, supported by MG Rover parts specialist, XPart. It will be one of the first MG’s to be raced since the launch of the redesigned roadster and is taking part in the MG Trophy Championship. The car has been prepared for racing by one of Xpart’s approved MG Rover specialists and will be run by technician and racing driver Paul Luti. “We’re delighted to be sponsoring one of our own MG Rover specialist technicians in what looks set to be an exciting season’s racing,” comments Don Lindsay, service marketing manager, XPart. “It will be wonderful to see a new MG car competing in a race series again and driver Paul Luti’s strong experience of servicing and racing MG cars should stand him in good stead as he prepares […]
No Picture
Classic Cars

Bulldog Historic Rally

The opening round of the Dunlop/Gambia MSA British Historic Rally Championship has attracted a sensational 83-car field to the Bulldog Historic Rally (Saturday 28 March). Three former British champions and four former British historic champions are all in the entry for the event that tackles 50 miles of prime Welsh forest roads in just four special stages. It promises to be a fabulous start to the 2009 season. Category 1 Category one is for the oldest cars, from the pre ’68 era, and they run first on the road with a short gap before the rest of the historic field. Top of the tree is the Porsche 911 of former champions Dessie Nutt/Geraldine McBride, but they can expect a stern challenge from the similar car of team mates Stuart Rolt/Richard Pomfret, making a rare but welcome BHRC appearance. Lining up […]
No Picture
Classic Cars

Safety Fast! Celebrates Golden Anniversary in 2009

Safety Fast!, the MG Car Club’s iconic monthly magazine, is celebrating its Golden Anniversary in 2009. First published in April 1959 it has enjoyed 50 glorious years and continues to provide the MG Car Club’s worldwide membership with a comprehensive overview of all things MG. As a fitting tribute to the longevity of the publication, the cover image from the April 1959 edition will once again feature on the front of the April 2009 issue. To further celebrate the magazine’s Golden Anniversary, the April edition of Safety Fast! will be available to view online free of charge via the MG Car Club’s website for a four week period. Commenting on the anniversary, editor Andy Knott, said, “This is a great time to be involved with the magazine which has evolved and developed over the past 50 years into the ultimate […]
No Picture
Racing and Competition

Entries Invited for Le Mans Celebration Race

Entries Invited for Le Mans Celebration Race to commemorate 1959 MG Car Club Entry he MG Car Club is inviting entries for a Le Mans Celebration race at Oulton Park on May 9th 2009. Entries are for cars of a type and in a form that were raced up to 1965 – including prewar. All cars should be to FIA spec and on road tyres or “L” sections. The Le Mans Celebration Race is by invitation but if you wish to receive an application call Steve Carr at the MG Car Club Office on 01235 555552. The race coincides with the publication of a book which records the MGCC North West Centres entries at Le Mans in 1959, 1960 1961. These were disguised Works entries after the MG Car company withdrew from Le Mans following the 1955 accident. The occasion […]
No Picture
Racing and Competition

MG Car Club Announces Half Price Incentive to Young Racers

Under 21 racers will benefit from a half-price race entry scheme designed to make racing more affordable for the cash strapped youth. Anyone under 21 on January 1 2009 will benefit from half price race entry fees at all MG Car Club race meetings in 2009. The first MG Car Club race will be full price and the entrant/driver will receive a half price voucher against their next entry. Each subsequent entry will receive a similar half price voucher with the last race of the year being free, provided of course they have the voucher from their previous race. Ron Gammons , Clerk of Course for MG Car Club said, “In 2008 we had a 17-year old winner of our MG Trophy Championship which has encouraged to provide this financial incentive to bring more youngsters into the sport. To race […]
No Picture
Classic Cars

A Brief Look At MG

The MG sports car is now back on sale in Britain. The company’s story is an amazing one of survival since the birth of the marque in the 1920s. It survived ownership by BMC, British Leyland, BMW and is now in Chinese hands. Yet, this nifty little sports car is still there bearing its badge with pride. So with the rebirth of the brand in Britain, it is perhaps appropriate to look at the model which drove MG into modern times. The MG TD was arguably the most popular of all the T series cars. It followed the success of the TC Midget which made inroads into the United States market. Underpinned by the success of the TC, the TD answered calls for a bigger and better equipped car. MG was then owned by the Nuffield Group and as the […]
No Picture
Corporate Business

MG5, Roewe 350 to be built in Nanjing

The second phase of the MG facility, located in Pukou, Nanjing, has started construction after Chinese auto giant SAIC invested 2.566 billion yuan ($376.24 million), Beijing Youth said today. Construction of the facility, which is to develop an all-new A-class car platform and the matched small engines, will be completed in 2009, according to Gao Yunhang, assistant general manager of MG sales company. When its construction is completed, the project will get an annual capacity of 200,000 vehicles and 250,000 engines, said Gao. The small engines are all turbocharged engines ranging from 1.3L to 1.5L, Gao said. The A-class car platform will build both MG5 and Roewe 350 models and will also develop MPV, hatchback and sedan models later, a source said. The MG6 is actually the hatchback model of Roewe 550, not just a common hatchback, the source disclosed. […]
No Picture
Corporate Business

Volvo Going To China Too?

Ford is in talks with the Shanghai Automotive Industry Corporation, China’s biggest car-maker, in a desperate attempt to sell its prestigious Volvo brand. A source close to the American motor giant said it recently made a second approach to SAIC, which already owns the rights to the MG car marque. Earlier talks in the summer faltered over price. Ford, which bought Volvo for £4.4billion in 1999, is said to be hoping the sale will fetch £4 billion. The disposal would send an important signal to the US Congress that Ford is taking major action to restructure its business in return for a massive cash injection.
No Picture
Corporate Business

Auto Industry Bailout Lesson

A faltering auto giant whose brands are synonymous with the open road. Hundreds of thousands of unionized workers with powerful political backers. An urgent plea for the government to write a virtual blank check. This is not the story of Ford and General Motors, but British Leyland, a car company that went through £11 billion of inflation-adjusted British taxpayer money, or $16.5 billion, in the ’70s and ’80s before going out of business. All that is left of the company now are memories of cars like the Triumph, and a painful lesson in the limited effectiveness of bailouts.