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aLiEn News & Reviews

Friday, April 08, 2005

Business Review: MG Rover Collapses!

Update on previous post
MG Rover has gone into administration. MG Rover wanted to link ( merge) with China's largest carmaker to generate cash, develop new models and reverse falling sales of its sports cars and sedans.
But the deal has failed... the future of the company is unknown
The company has been facing financial problems for 5 years... ever since BMW sold the company in 2000.
check
BBC's report on the news
and
Bloomberg report

posted by Alan at 6:29 PM