Chicagoland MG Club
Chicagoland MG Club

Chicagoland MG Club: Driveline
Back to Archives
Submit an article

Cover
Intro & Club Officers
Ray Glorioso
Left Hand Drive
Right Hand Drive
Welcome New Members
April Meeting Report
Spring Tune Up Party
NAMGAR GT -Key West
April Autocross
Spring Tour
Spring Open House UCM
Spring Chicken Rally
Memorabilia Night
Cruise Night A.E. Band
Champagne Brit Car Fest
AHCA Spring Gymkhana
Lands End Rally
CMGC Tour and Picnic
June Autocross
MGB Tach Conversion
Troubles at MG Rover
Regalia Items Available
Regalia Order
Classifieds
CMGC Events
Other Events
Back Cover
 
  Chicagoland MG Club:Driveline
Serious Troubles at MG Rover

There is a lot of news in April about serious troubles at MG-Rover, financial and political, fall through of negotiations on the China deal, temporary plant closing, pending layoffs, shaky bail out proposition by the government, and possible total demise of the company. This may be nearing the end of the end, of maybe itís just another chapter in the mysterious history of MG. For a quick reality check, MG Rover recently had only 3% of total UK car production, where in the late 1960's British Leyland had 40% of the UK car market. You may check the following links for more news.

Monday, 4 April, 2005, 18:12 GMT - Talks to save MG Rover deal stall.

China deal shaky, and thousands of jobs at stake.
http://news.bbc.co.uk/1/hi/business/4407657.stm

[....Big Snip....]

Friday, 15 April, 2005 - MG ROVER GROUP LIMITED and POWERTRAIN LIMITED IN ADMINISTRATION
http://www.mg-rover.com/static/node15540.html

Find more information links on the CMGC web site at
www.chicagolandmgclub.com/whatsnew/2005.html#mg_failing


©2005 Chicagoland MG Club, All rights reserved.