BREAKING NEWS: UK: Government offers MG Rover suppliers £40 million to "find new business and secure their future"
Author: just-auto.com editorial team | 8 April 2005
The UK government's trade secretary has said that a £40 million support package has been put in place for firms that supply MG Rover as the car maker's 6,000 workers wait to find out if any parts of the stricken firm can survive.
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FROM THE EDITOR: Shambolic, sad day for Rover
I have just been interviewed on BBC radio (World Service) about the MG Rover situation. I was asked several questions - one about whether the British government had done all it could (basically, yes), what will SAIC do now (it may just wait for MGR to formally go into receivership and then cherry pick the assets it always wanted, Rover debt worries over) and another about the MG brand (yep, someone out there may well see a future for Longbridge as a niche sports car producer based around the MG brand, Alchemy style).
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