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Rover's Dead

The_Paladin
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someonestolecc Grand Master

someonestolecc

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I think last time they went under they were bought for 10 pounds by some consortium, then they went down recently and talks with shanghai auto group for a cash injection musta failed.

Pity no other car company saw the need in their lineup... Globalisation's a bitch.

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The_Paladin Experienced

The_Paladin

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BMW bought the whole company a while back.........what they pretty much did was keep the good models of cars it had and sold the rest off to a consortium of 4 (as someonestolecc said) nicknamed the Phoniex 4. they got the company for 1£ or 10£ (cant remember)

it's pretty much gone bust now and is being dismantaled. New Rover prices are already slipping cause of warranty reasons.........

there was talk of a bailout deal with SAIC (or something) some chinese car comapny. but it's fallen throught.

with a general election about to take place in the UK the loss of thousands of jobs in the company has been causing a lot of people quite a headache.........

MG made some great cars....................

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mini2 Community Regular

mini2

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Like Paladin has mentioned, BMW basically benefit from that group then when the return on investment is getting a bit long in the tooth then they rip it apart. Ford's Prestige group owns Land Rover, the rest of Rover and MG combined to form MG Rover and was sold to that Phoenix Investment thingy for 10 squid.

They did rack up quite a fair bit of dosh when they released the first lot of Freenlander's in the Land Rover group then see it's a good opportunity to offload them to Ford. No wonder the whole BMW group makes more cash than the ChryslerDaimler group.

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