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Forum LockedMG Rover going bust (again)

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Horsetan View Drop Down
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Direct Link To This Post Posted: 06-April-2005 at 18:39
Originally posted by Dergside Dergside wrote:

Originally posted by Philip Philip wrote:

RV8's were VERY popular in Japan I believe.


If they are so popular, why are the classifieds in the various classic mags featuring some many of them back here again?



Some were sold on the UK market, not just Japan.

It takes a certain mentality (i.e. "classic car = "investment" - bwahahahahaha) to go all the way to Japan to bring back a car which was shipped out there in the first place.....

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Direct Link To This Post Posted: 06-April-2005 at 19:07

Following with interest (when I can get on pooter), I see Nigels point about work rahter than dole money, also Peter Fenwicks.

It is certainly true it's a british trait to rubbish our own and praise competitors, the build quality hasn't always been good but Rover have often been at the cutting edge, the P6 and the SD1 were good cars. My fahter in law and brother in law had 800 series, if you got a good one it was great, many weren't, similar prob to Stag years ago?

On the TV earlier tonight they asked a car supermarket and customers what they though of Rovers, customers quoted reliability probs, rover no longer main stream producer, old fashioned etc etc. Car supermarket said no reliability probs with rovers, style a bit dated but main prob customers thought they were second class cars,  like Skoda a few years back. It would be a shame to lose Rover forever but I'm not sold on the chinese deal.

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Direct Link To This Post Posted: 06-April-2005 at 19:20

Originally posted by Doive Doive wrote:

but BMW raided the Rover piggy bank and headed back to Munich with all the money and development ideas, plus MINI, Land Rover and everything else worth taking. MG Rover has some fantastic engineers in the company, but sadly zero cash to allow them to do anything

Sorry, I disagree completely with the notion of BMW asset stripping Rover.  The cupboard was bare from the start.  It became a black hole for BMW's money to the extent that it would soon have threatened BMW's survival.  A non-existent pipeline of truely new and competitive products, archaic industrial relations and work practices and other such issues were the reason they bailed (someone made the comment about the people that Rover in all its incarnations trained in trades, etc. - a complete waste - for Rover, if they were undertaking the cost of training people for other companies to benefit from the productivity associated with the training - a noble gesture, but very poor business).  There was no prospect of turning the the situation around.  They extracted some value by hiving off Land-Rover to Ford and bringing the MINI brand (and remember it wasn't even a brand before that, it was an Austin Mini, Rover Mini).  They already paid for the engineering development, so why not take it, but remember, they gave the incoming management a dowry of several hundred million quid to take the thing off their hands, cheaper than continuing to throw money in to a black hole.  The incoming management decided that a good chunk of that dowry WOULDN'T be spent on product development (or at least anything that would likely produce an economic return - e.g. MG V8) and that it should be used to reward them for their "risk".  Lets face it, they risked a quid.  The rate of return for them on that quid has been pretty good.

Rover, BL, whatever name you want to put on it has suffered because it has not been able to keep up with the rate of change in the motor industry, not just for the past 5 years, but for the past 30 years.  It needs to be have the dynamic flexibility and capability to turn on a sixpence but instead better resembles the Queen Mary trying to do a handbrake turn.

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Direct Link To This Post Posted: 06-April-2005 at 19:29

Originally posted by Horsetan Horsetan wrote:

Some were sold on the UK market, not just Japan.

It takes a certain mentality (i.e. "classic car = "investment" - bwahahahahaha) to go all the way to Japan to bring back a car which was shipped out there in the first place.....

True, some were sold in the UK, but read any of the "Drive the ads" type references to them recently and you'll find that the cars are re-imports, likewise the auction sale reports.  Probably half of the RV8's currently for sale in the UK are Jap imports.

Re. the certain mentality, there are a 100,000 Jap import Nissan Micras here too and few Mercedes, BMW's, etc. making there way back!

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Direct Link To This Post Posted: 06-April-2005 at 19:30
Originally posted by Dergside Dergside wrote:

Sorry, I disagree completely with the notion of BMW asset stripping Rover.  The cupboard was bare from the start.  It became a black hole for BMW's money to the extent that it would soon have threatened BMW's survival.  A non-existent pipeline of truely new and competitive products, archaic industrial relations and work practices and other such issues were the reason they bailed (someone made the comment about the people that Rover in all its incarnations trained in trades, etc. - a complete waste - for Rover, if they were undertaking the cost of training people for other companies to benefit from the productivity associated with the training - a noble gesture, but very poor business).


Ah! So it's not just me, then...
Ciao,
Spokey

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Direct Link To This Post Posted: 07-April-2005 at 02:23

Originally posted by Doive Doive wrote:

the only profitable part of Ford is now Land Rover - 

 

Think you will find the most profitable Ford company after the Finance arm is Volvo, only part of PAG to be making money because Ford has not tried to control them

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Direct Link To This Post Posted: 07-April-2005 at 16:47
Originally posted by Dergside Dergside wrote:

....

Re. the certain mentality, there are a 100,000 Jap import Nissan Micras here too



...which were built in Tyne & Wear....

The Nissan Micra. I drove one once. Never again.

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Direct Link To This Post Posted: 07-April-2005 at 17:03

THE END OF THE LINE

Well I'll never.  I was wrong - they did the right thing to stop the taxpayer pouring more money down the drain...

...they've let them go bust.

At last, Tony makes the right decision.

Sorry to those that don't agree with me, but I'm sick of keeping up failed businesses with taxpayers money and in my opinion the right thing has happened.

I'm sad for Rover, and I'm sad for the employees, but their plight and that of supporting a failed business are entirely different things.



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Direct Link To This Post Posted: 07-April-2005 at 17:08
OK! Bring on the Asset Strippers.

Oh...wait...no.... is there anything left to strip?

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Direct Link To This Post Posted: 07-April-2005 at 17:11

is this breaking news?  i havent seen the news since 6 o clock, just checked on the bbc news site, theyve got a rather desperate plea from mgr executive Peter Beale:

We need just £100m to see us through the next couple of weeks
sounds like the plight of a junkie, "im good for it, go on, just one more hit, ill pay you back double next week"

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Direct Link To This Post Posted: 07-April-2005 at 17:14

Originally posted by Horsetan Horsetan wrote:

OK! Bring on the Asset Strippers

dah, da da daaaa, dee dee dee deeee, dah da daaaa, da dad a da da

(the striptease music)


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Direct Link To This Post Posted: 07-April-2005 at 17:14

You are all wrong about the training being bad business.......I think.

It has always been that way with apprenticeships.

The taxpayer trained me via the airforce, and government has always part funded training.

 

Best Wishes

Nigel

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Direct Link To This Post Posted: 07-April-2005 at 17:29
Originally posted by stephenperry stephenperry wrote:

mgr executive Peter Beale:

is he the same Pete Beale that used to sell fruit & veg on Walford Market (Eastenders).

Maybe a crafty cockney spiv can save Rover?

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Direct Link To This Post Posted: 07-April-2005 at 17:32

you know, thats exactly what i said when it came on the telly

"didnt he used to be a character in eastenders?" lol


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Direct Link To This Post Posted: 07-April-2005 at 17:48
Originally posted by stephenperry stephenperry wrote:

Originally posted by Horsetan Horsetan wrote:

OK! Bring on the Asset Strippers


dah, da da daaaa, dee dee dee deeee, dah da daaaa, da dad a da da


(the striptease music)



Rover: Going for a Thong...

*groan*

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Direct Link To This Post Posted: 07-April-2005 at 17:53
Maybe we could raffle horsey ?
Best Wishes

Nigel

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Direct Link To This Post Posted: 07-April-2005 at 17:54
Originally posted by Horsetan Horsetan wrote:

Originally posted by stephenperry stephenperry wrote:

Originally posted by Horsetan Horsetan wrote:

OK! Bring on the Asset Strippers


dah, da da daaaa, dee dee dee deeee, dah da daaaa, da dad a da da


(the striptease music)



Rover: Going for a Thong...

*groan*

rofl :-D


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Direct Link To This Post Posted: 07-April-2005 at 17:54

Originally posted by Nigel Nigel wrote:

Maybe we could raffle horsey ?

nah, thats the booby prize  *groan*


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Direct Link To This Post Posted: 07-April-2005 at 17:55
Originally posted by stephenperry stephenperry wrote:

Originally posted by Nigel Nigel wrote:

Maybe we could raffle horsey ?


nah, thats the booby prize  *groan*



By your standards, that's pants

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Direct Link To This Post Posted: 07-April-2005 at 17:57
 no its not, stop talking out of your a***

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