Phoenix MG

DTI drove ‘news agenda’ to bring MGR down

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The Department of Trade and Industry has been accused by opposition MPs of aiding the collapse of MG Rover. Charles Hendry MP, the Tories’ industry spokesman, says: “The Government proceeded to bring forward the closure of the company so that it happened at the beginning of an election campaign and not towards the end. The […]

Sport & Racing

MG Rover race dream ran up debt of £48m

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By Chris Morley, Evening Mail MG ROVER’S attempts to break into the glamour world of racing succeeded in selling fewer than ten cars – and clocked up £48 million debts. The Phoenix Four’s bid to create a “halo effect” to boost the image of the group proved a hugely expensive flop, selling cars at £80,000 […]

MG Rover

Why Rover Crashed

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Julia Finch, City editor of the Guardian The consultant director of design claims senior staff wasted company cash by taking business flights to Europe from Birmingham airport, when they could have flown for a fraction of the price on low-cost carriers. He also accused the car group’s top executives of naivety in the way they […]

MG Rover

MG Rover in administration

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MG Rover Group Limited – in administration The joint administrators of MG Rover Group Limited will be holding a news conference on Friday 10 June at 1.30pm to provide an update on the company’s affairs. The conference, which follows the MG Rover Group Limited creditors’ meeting, will take place in the Arden Room at the […]