MG Rover

Glasses Guide reassess MGR depreciation!

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Following on from the news that MG Rover was being put into administration, there has been widespread speculation about the effect this might have on residual values. According to Glass’s, a definitive situation regarding increased rates of depreciation for MG and Rover-branded cars has yet to emerge fully, with most dealers unwilling to make dramatic […]

MG Rover

Warranty Direct offers 20% discount on MGR Warranty!

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Following the demise of MG Rover, independent warranty company, Warranty Direct is offering MG Rover customers 20% off any new warranty policy purchased. The offer is applicable to cars under 5 years old. Last Wednesday, the administrators, PriceWaterhouse Coopers (PwC), wrote to MG Rover dealers confirming that they will no longer be able to meet […]

MG Rover

PVH Statement

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Statement: During the course of this past week the administrator, PWC, the Trades Unions, the DTI and members of the management team have explored every avenue aimed at avoiding today’s redundancy announcements. Clearly, not enough progress has been made on this to provide comfort for the administrators, and for the DTI, to continue the payment […]

MG Rover

XPart speaks out to MG and Rover Customers!

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Desford, UK – 12 April 2005 – XPart, the company that owns and operates the entire spare parts business for MG Rover, today reassured owners that the ongoing parts support of their vehicles is in good hands. XPart, a division of Caterpillar Logistics Services, is largely unaffected by the current difficulties at MG Rover and […]

MG Rover

Appointment of Administrators

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The Board of directors has met with PriceWaterhouseCoopers this morning. The directors are taking the necessary steps to appoint administrators from PWC for MG Rover Group and Powertrain. Following the completion of these formalities the administrators will issue a statement and press release later today. All employees are asked to come to work normally on […]

MG Rover

Statement from board of directors!

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The board of MG Rover has asked Price Waterhouse Coopers to accept engagement to advise the board of directors on the current position of the company. The management is committed to working closely with the Trade Unions, DTI and Advantage West Midlands agency who can provide support. This is a deeply worrying time for everyone […]