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Newsnight: Hewitt got the wrong end of the stick and claimed MGR had gone into administration even though it hadnt!!! Press statement says PWC has been called in to advise the company regarding their finances
 

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The whole situation is a joke. MGR saying they have not called in the Administrators, the government saying they have.

Eitherway, they almost certainly will be now, thanks to Mrs Hewitt. :irked:
 

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I think the best hope for MGR now is to put everything on the table. Tell the press where every bit of cash has gone, and exactly what the company needs to survive, and that the directors are willing to reinvest if the government is too.

Surely if the company was that broke they'd have slashes prices just to generate cashflow -even if it meant selling the cars at a loss?
 

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SteveChilds said:
The whole situation is a joke. MGR saying they have not called in the Administrators, the government saying they have.

Eitherway, they almost certainly will be now, thanks to Mrs Hewitt. :irked:
And this from BBC News

The BBC's business editor Jeff Randall described the situation as "the most shambolic and chaotic end I've ever encountered for a UK company".
 

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What a **** up.

Beales is on the box effectively saying they are finished, other directors say they aren't.

And John Towers has apparantly agreed with Hewitt to send in the recievers only he is now fast asleep in China.

God help the workforce.
 

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It's abit like a bad movie at the moment... That bloke on news 24 seems to be quite supportive of MGR, either that or he's got it in for the government... maybe there's a glimmer of hope left....

It's bad though isn't it, I mean saying a company is bust when it isn't... is that some kind of slander? as if it isn't insolvent it could certainly prove damaging to the extreme. Could MGR sue the DTi over that? for maybe £100 Million :_poke:

-Rob-
 

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Yep BBC's business editor Jeff Randall on BBC News 24 is saying Patricia wotsit made a ****-up :cus: :cus: :devil2:
 

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The BBC's business editor Jeff Randall described the situation as "the most shambolic and chaotic end I've ever encountered for a UK company".
And yet again the Government has caused MG Rover more embarrassment. They have prematurely announced MG Rover going into administration. DTi leaks have caused this cash flow crisis this week. Had the suppliers not read the leaks and thought the worst, MG Rover would still be producing cars today, and would not have had all of their credit terms cancelled.

A very sad day.
 

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Patricia Hewitt has caused the demise of Rover because of their premature announcement of MG Rover going into administration.

I think she should be called to resign from office due to the bungle.
 

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This is just unbelievable. What a **** Hewitt is. We all thought Byers was bad. Labour should bomb her out immediately and put up some cash to keep them going. 1% chance of that though unfortunately.

Anthony.
 

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EssexMGR said:
Patricia Hewitt has caused the demise of Rover because of their premature announcement of MG Rover going into administration.

I think she should be called to resign from office due to the bungle.
If it is as black and white as that I totally agree with you.
 

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MG Rover have just put out a press realise which states that they are not in administration and the DTI should not have made that statement.

Is there hope?
 
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Is it too late to register for postal votes in Hewitt's constituency?

I guess the answer is, unfortunately, "yes".
 

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Pointless sacking Hewitt. There isnt any more cabinet from Monday anyway.


Maybe an egging instead ?


But im sure that Labour will seriously suffer for her f*ckup
 

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rrvtom said:
MG Rover have just put out a press realise which states that they are not in administration and the DTI should not have made that statement.

Is there hope?
TBH I dont think there is much help now, the damage has been done. The best thing that can happen is that a few government scalps are taken.
 

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jase said:
Pointless sacking Hewitt. There isnt any more cabinet from Monday anyway.


Maybe an egging instead ?


But im sure that Labour will seriously suffer for her f*ckup
Your incorrect. MP's cease to be as of Monday. But ministers are expected to carry on their normal duties until the election. One assumes Hewitt is a minister?
 

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It is absolutly disgusting that our own government has screwed MGR out of business the whole lot of the should be shot as traitors. I think the only thing left to do is to vote UK Independence lets face who the **** do the Europeans think they are telling us we are breaking their rules saying we cannot bail out MGR? they rape us every year out of hundreds of millions paying for farmers subsidies, new road links in Spain (that they have the audasity to charge us tolls!!) etc etc they dont buy our produce those hundreds of millions could save MGR any the tax payer would be no worse off. I would also like to apologise to all members for my posts claiming to know it was a done deal I guess the memo sent to dealers was to stop us from scaring off potential clients it worked for a while but between our scathing press and incompetent government it eventually failed. I like the rest of us on here cannot believe its the end but I am starting to think it is! Does anyone have any ideas like maybe turning it in to some sort of co operative where we all buy shares in it or better ideas I dont want to sit back now and a year down the line have to walk into a VW or toyota dealership and hand over 20k to jonny foreigner!!! ps that sl*g Hewitt should be sacked and tony better start looking for a new job too. Lets face it the Home Secretary should have forced the police years ago to buy british but I guess the police will be pleased they can use our council tax money to cruise around in mercs and beemers and no one will be able to complain I sent a pack to Portishead police HQ to the chap in charge of all police vehicle purchases a year ago explaing the benefits of buying british for every 3 mercs he bought the saving on 3 ZT's would have paid for an extra policeman-did I hear back did I f***
 

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Agree with you there MGsales.

This government are a bunch of total f*****g idiots, who do they think they are say a company has gone bust when all MG Rover have done is call in PWC to advise the company regarding their finances?
 
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