UK: Banks 'blocking Rover rescue'
The Phoenix consortium which hopes to buy Rover Cars from BMW has declined to comment on reports that British banks are blocking its rescue bid. A report in The Guardian newspaper suggests that leading UK banks are frustrating the Phoenix bid by refusing to grant a £200m ($313m) overdraft.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable