Final nail in UK motor industry?
Receivers called in by MG Rover
The Chinese aren't stupid. Why pay a fortune for a going concern when you can drag your heels, wait for them to collapse and then pick the company up for a fraction of the price. They don't want a factory in Birmingham and British labour, they want technology and a foot in the European market.
They may be have a centralised command economy, but they're better at capitalism than we are.
23:25
Seems it's all a mistake. Patricia Hewitt had barely finished her press conference when the MD of Rover called the BBC's economics editor to say that, although they had called PwC in to advise them, they were not there in an administrative role. Can somebody introduce Patricia Hewitt's left hand to her right hand?
The Chinese aren't stupid. Why pay a fortune for a going concern when you can drag your heels, wait for them to collapse and then pick the company up for a fraction of the price. They don't want a factory in Birmingham and British labour, they want technology and a foot in the European market.
They may be have a centralised command economy, but they're better at capitalism than we are.
23:25
Seems it's all a mistake. Patricia Hewitt had barely finished her press conference when the MD of Rover called the BBC's economics editor to say that, although they had called PwC in to advise them, they were not there in an administrative role. Can somebody introduce Patricia Hewitt's left hand to her right hand?
posted by phylos @ 21:37
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