Blog: What’s £100m between friends?

Carole Nash Classic Insurance Specialists

rover-mg

SO IT seems a number of Financial Times journalists have been getting themselves all fired up over the thought the government might actually be preparing to hand over some cash to MG Rover…

The story seems to centre on the rumour doing the rounds that in order to get SAIC and MG Rover in bed together and intertwined in the union of joint-venture-dom, the government is considering throwing a £100m sweetner into the pot. Why, the FT states, should MG Rover or SAIC receive such amounts of money when there are so many concerns over MG Rover in general?

For one, I am baffled at the negativity of the press. They won’t let go over the size of the ‘fab four’s’ pension and annual salary, and at any opportunity, they seem to take delight in kicking the poor old Longbridge based company right in the knackers. We all know MG Rover and SAIC are negotiating hard, and that there is a large contingent of Chinese management in Longbridge on an almost daily basis at the moment… so why not give them a break and let it sign the bloody deal?

Fleet Street – why not give MG Rover a
break and let it sign the bloody deal
With SAIC?

Every negative press report in one of the ‘quality’ dailies is bound to send shockwaves reverberating back to Shanghai, and the last thing the cautious Chinese want right now is a bunch of British hacks rocking the boat, making things unpleasant. Anyone would think Fleet Street want MG Rover closed and over 5,000 people directly employed by the company on the dole.

As for the £100m… what’s the big deal? What’s that compared with the spend on Iraq? Exactly.

If it were up to me, I’d re-nationalize MG Rover, throw some real money at it and get some world beating cars wearing the Longship and Octagon onto the market. It doesn’t have to be Ryder and Red Robbo all over again, you know. After all, they did it to Railtrack…

Keith Adams

Keith Adams

Editor and creator AROnline at AROnline
Created www.austin-rover.co.uk in 2001 and built it up to become the world's foremost reference source for all things BMC, Leyland and Rover Group, before renaming it AROnline in 2007.

Is the Editor of the Parkers website and price guide, formerly editor of Classic Car Weekly, and launch editor/creator of Modern Classics magazine. Has contributed to various motoring titles including Octane, Practical Classics, Evo, Honest John, CAR magazine, Autocar, Pistonheads, Diesel Car, Practical Performance Car, Performance French Car, Car Mechanics, Jaguar World Monthly, MG Enthusiast, Modern MINI, Practical Classics, Fifth Gear Website, Radio 4, and the the Motoring Independent...

Likes 'conditionally challenged' motors and taking them on unfeasible adventures all across Europe.
Keith Adams

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