MG Rover

News : Deloitte loses MG Rover Disciplinary Tribunal

News : Deloitte loses MG Rover Disciplinary Tribunal

AROnline recently reported that the Financial Reporting Council (FRC) would be holding a Disciplinary Tribunal into the conduct of MG Rover and the Phoenix Four’s Accountants, Deloitte (formerly Deloitte & Touche). The hearing took place earlier this week and was effectively an appeal against an earlier ruling which stated that Deloitte had failed to manage conflicts of interest between […]

News : MG Rover’s Accountants face Disciplinary Tribunal

News : MG Rover’s Accountants face Disciplinary Tribunal

Keith Adams Reuters are reporting that MG Rover Group’s Accountants, Deloitte, will face a Disciplinary Tribunal later this month – the independent panel will be examining the firm’s conduct as Advisers and Auditors of MG Rover Group and the Phoenix Four Directors from 2000, when they acquired the UK carmaker from BMW Group for a nominal £10, until the company went into administration in May, 2005. The Financial […]

MGs for a new millennium: from X to Z

MGs for a new millennium: from X to Z

When John Towers‘ Phoenix bid was accepted by BMW, he knew that there would be a long, hard road ahead to restoring the image of the company, so badly eroded by the BMW debacle. Obviously, a major coup for the company was in keeping hold of the valuable MG nameplate, and this was soon celebrated […]

Press Report : Moving on after the death of MG Rover…

Press Report : Moving on after the death of MG Rover…

Words: Richard Yarrow and Tim Rose, AM-online, 8 July 2011 Photograph: Mark Gibson/Slant 4 Marketing Six years on from the disaster of the collapse of the MG Rover Group its Directors, the Phoenix Four group have voluntarily agreed not to serve as company directors for up to six years. The disqualifications were announced by the […]

Press Report : Phoenix Four remain defiant following Directorship bans

Alun Thorne, Birmingham Post, 8 May 2011 The Phoenix Four remained defiant after the Government announced that the former MG Rover owners had agreed to be disqualified as Directors for between three and six years. The move against Peter Beale, John Towers, Nick Stephenson and John Edwards follows a long-running investigation into their involvement in […]

Press Report : Phoenix Four agree to bans on serving as Directors

BBC News, 8 May 2011 The Directors who ran MG Rover Group Limited when the company collapsed have been disqualified as Directors. Peter Beale, Nick Stephenson, John Edwards and John Towers – known as the Phoenix Four – have voluntarily agreed to individual bans of between three and six years. The disqualifications by the Department of Business, Innovation and Skills, […]

Blog : RDX60 ten years on

Blog : RDX60 ten years on

Keith Adams A recent visit to Longbridge saw me set eyes upon the RDX60 for the first time ever and I have to say that it evoked mixed emotions in me. For sure, more than anything else, it represents the embodiment of all those shattered dreams in May 2005 when MG Rover went into administration… […]

Press Comment : Time for the Phoenix Four to pay the MGR Trust Fund

Press Comment : Time for the Phoenix Four to pay the MGR Trust Fund

David Bailey, Birmingham Post, 3rd March, 2011 A number of former MG Rover workers recently met with representatives of the Phoenix Four to see whether there will be a payment into the workers’ Trust Fund. That payment is long overdue. It’s almost six years since MG Rover went bust, leading to the loss of 6,300 jobs at […]

Fail to prepare… Prepare to fail

Fail to prepare… Prepare to fail

Words and Photographs: Mike Humble  Well, as Keith Adams’ last blog states, winter is indeed upon us and, in true British tradition, we seem to be ill-equipped to cope with the cold weather. I live in a small cul-de-sac and know quite a few of the local residents who, in turn, also know that I have […]

By 26 November 2010 8 Comments Read More →
Press Report : Mystery £23m claim on Longbridge Phoenix cash

Press Report : Mystery £23m claim on Longbridge Phoenix cash

Jon Griffin, Birmingham Post, 31st August, 2010 More than £23 million raised from the remnants of the collapsed Longbridge Phoenix empire could lie untouched for years – because of a mystery Government claim. Insolvency experts appointed to handle the liquidation of MGR Capital Limited – MG Rover’s finance and lease loan book – have now […]

Press Report : No payouts from “cynical” MG Rover Trust Fund

Press Report : No payouts from “cynical” MG Rover Trust Fund

Channel 4 News, 13th July, 2010 A trustee of the MG Rover Trust Fund, which had promised compensation for workers who lost their jobs with the collapse of MG Rover five years ago, has told Channel 4 News he has been left feeling “very cynical” over its failure to pay out any money. 6,500 workers […]

MG Rover : More than 1million cars still on the UK’s roads

MG Rover : More than 1million cars still on the UK’s roads

Parts specialist XPart has obtained statistics from the DVLA which show that over 1m MG Rover cars are still alive and well on the UK’s roads. The figures produced by the DVLA show that the vehicle parc for MG Rovers produced post-2000 has only declined marginally in the past 12 months. The MG parc (ZT, […]

SAIC Motor : MGR’s surviving test cars are finally sent to the crusher

SAIC Motor : MGR’s surviving test cars are finally sent to the crusher

Nigel Garton It seems that the final MG Rover test and development cars have been sent to the crusher by SAIC Motor after being allowed to languish at Longbridge for over five years. The cars, which signalled the hard work undertaken at the factory on upcoming programmes, were destroyed as they were no longer required […]

Press Report : Former MGR Directors face demands to pay trust money

Press Report : Former MGR Directors face demands to pay trust money

Jonathan Walker, Birmingham Post, 7th April, 2010 Former MG Rover Directors are facing renewed demands for the payment of a long-awaited Trust Fund to support their former workers, on the fifth anniversary of the Birmingham car-manufacturer’s closure. MP Richard Burden (Lab Northfield) has written to John Towers, the firm’s ex-Chairman, asking the so-called Phoenix Four […]

Delivery miles SD1 on sale in Europe

Delivery miles SD1 on sale in Europe

KEITH ADAMS In the market for a Rover 2600, and have a spare £12,000 burning in your pocket? Then how about this ‘new’ and unregistered Series 2, which has just hit the market in Switzerland. It has a mere 566km on the clock, and although it’s hardly new having been built in 1984, it remains […]

By 27 February 2010 0 Comments Read More →

Press Report : Towers lifts the lid on Longbridge

Jon Griffin, Birmingham Mail, 15th January, 2010 LONGBRIDGE could have been sunk as long ago as 1994 by Japanese car giant Honda, former MG Rover Chairman John Towers has claimed. In a rare interview for a new West Midland book on the car industry, Mr Towers has revealed that the Japanese firm – which held […]

By 17 January 2010 0 Comments Read More →

Press Report : Former MG Rover bosses make £3m payment to creditors

Alun Thorne, Birmingham Post, 27th November, 2009 The company owned by the former bosses of MG Rover has paid £3 million to creditors of the firm. The so-called Phoenix Four have agreed to pay the sum to a liquidator almost five years after the collapse of Longbridge. The money will be distributed by Price Waterhouse Coopers […]

Press Report : Christmas comes early for Phoenix Four Directors

Press Report : Christmas comes early for Phoenix Four Directors

Alun Thorne, Birmingham Post, 16th November, 2009 Vilified Phoenix Four Directors Peter Beale and John Edwards are in line for a massive multi-million pound Christmas bonus from the remnants of the Longbridge empire. The two former Longbridge bosses, who with fellow Directors John Towers and Nick Stephenson have already enriched themselves to the tune of […]

Press Report : MGR’s Phoenix Four facing legal action for £22m

Press Report : MGR’s Phoenix Four facing legal action for £22m

Jon Walker, Birmingham Post, 4th November, 2009 The Government has offered to back legal action forcing former Rover Directors to hand over up to £22 million to former employees and community projects. Business Minister Ian Lucas told the House of Commons he would do “anything I can do” to help local people obtain the money. […]

Press Report : Phoenix Four summoned to Commons enquiry

Press Report : Phoenix Four summoned to Commons enquiry

Jonathan Walker, Birmingham Post, 23rd October, 2009 The four former MG Rover Directors criticised for their management of the carmaker vowed to clear their name last night after being summoned to explain themselves to a Commons inquiry. MPs have called on the Phoenix Four, who received nearly £36 million in pay and pensions from the […]