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Discussion Starter · #1 ·
DO you know what, I’m not holding my breath any more for this SAIC deal. I have been doing up to now, but its getting a bit beyond credible this story. I know the Chinese authorities are cagey and don’t rush things but all of MGR’s self-imposed deadlines have passed, and all we’ve heard is that the initial monster £1bn investment that SAIC would make was incorrect by a factor of 5, then that even ‘if’ (not when) the deal was done thousands of jobs would go at Longbridge, then that Gordon Brown was going to china to try to gee things up a bit, now this. You have to be VERY blinkered or have a drug-induced level of optimism to still be smiling about MGR’s future.

In the meantime MGR are selling a pitiful numbers of old cars (which I agree are still amazingly capable given their age and tech) and we all sit with baited breath.

Lets be honest the Phoenix 4 have disappointed up to now. Their record of clinching critical deals is not good. Co-operation with china Brilliance? Failed. Proton? Failed (probably a good thing that one). Buy the old Daewoo factory? Failed. New car? Failed. Don’t tell me the RDX 60 ‘is nearly here’, its YEARS late even by MGR’s own deadlines. John Towers claimed that MGR could and would ‘do’ the next medium sized car on their own if necessary but 2 years on from his statement, they have not. This car needs to be bloody good if it does arrive, and as time goes on and MGR’s existing cars look more and more outdated, (even the 75 is getting old now, and the re-style did it no favours) all that seems harder and harder to achieve. The wobbly tall hatch thing leaked into ‘The Sun’ does not fill me with optimism.

What the Phoenix 4 have achieved, is to tidy up the financial structure of all its sub-divisions (good), flog off the land that Longbridge is sitting on (bad – where has that money gone exactly? Would MGR be dead by now if they hadn’t done that?), and bring us the cool but absurd X-power road-melter coupé and the Rat-a-tat-tat Tata Indica (bad), for which you can see we are eternally grateful, from its pitiful sales figures and lousy mag reviews.

I know they invested big chunks of their own money when they bought out MGR, and I’m sre they al still have that personal urge to make it succeed, but the fact is if the factory got nuked tomorrow they would be laughing all the way to the bank (provided they weren’t in it at the time).

So, I certainly hope to be proved wrong, but for me the future is very grim-looking
 

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Can you imagine how difficult it must be to merge a western European company with a nationalised, state controlled company in China. That's before you factor in language difficulties and those stupid a******es who make a living in the media completely unanswerable to anyone writing their poorly informed 'speculation' from 'sources'.
 

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What's wrong with people these days. They can't 'wait' for anything.

INSTANT GRATIFICATION.

The best things come to those who wait! The MG Rover management aren't knocking-up a plate of fried rice! This is a very complicated business arrangement.

Think.

About it.


For.

A minute.

Write what you like, but don't hide behind 'Mr Censored,' you mouse!
 

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Oops! Sorry, you haven't been censored. Sorry! I take that all back!

Should. Think. For. A minute. Myself!

But the other stuff still stands! (except the mouse bit, sorry!)
 

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Dont panick yet . things are much worse with other car companies but the british press just hates MGR for some reason so we only hear aledgedly whats happening with MGR and they dont even give any information wether correct or not about anyone else eg Peaugot ......laying off 850 people
Fiat ............well where do i start !
G.M ............paying huge amounts of money so they dont have to buy Fiat

If any of this was MGR the press would have a field day ! they are anyway, but they are making most, if not all of it up, and has been said before only when there is no main news do we hear of the dire straits that MGR are in .
So chin up folks , lets wait till the official details are announced til we make judgements on MGRs future or the Pheonix 4 .
 

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Mr_Censored said:
Their record of clinching critical deals is not good. Co-operation with china Brilliance? Failed. Proton? Failed (probably a good thing that one). Buy the old Daewoo factory? Failed. New car? Failed. Don’t tell me the RDX 60 ‘is nearly here’, its YEARS late even by MGR’s own deadlines.
This is a selective version of history, isn't it?

China Brilliance scuppered by crooked boss.

Proton, superceeded by SAIC.

Daewoo factory - ongoing.

New car - on hold until SAIC settled either way.
 

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Dont panick yet . things are much worse with other car companies but the british press just hates MGR for some reason so we only hear aledgedly whats happening with MGR and they dont even give any information wether correct or not about anyone else eg Peaugot ......laying off 850 people
Fiat ............well where do i start !
G.M ............paying huge amounts of money so they dont have to buy Fiat

If any of this was MGR the press would have a field day ! they are anyway, but they are making most, if not all of it up, and has been said before only when there is no main news do we hear of the dire straits that MGR are in .
So chin up folks , lets wait till the official details are announced til we make judgements on MGRs future or the Pheonix 4 .
Just by quoting the poor state of other car manufacturers does not make the Rover situation any better.

The Rover negotiations have dragged on for so long that it has damaged the brand to the point where sales are in free fall. No company can trade for too long with such uncertainty of a future. The UK dealer base has been decimated, and the trade in value of Rover products reduces daily.

How long can any company survive in this situation?
 

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Discussion Starter · #17 ·
iaan said:
What's wrong with people these days. They can't 'wait' for anything.

INSTANT GRATIFICATION.

The best things come to those who wait! The MG Rover management aren't knocking-up a plate of fried rice! This is a very complicated business arrangement.

Think.

About it.


For.

A minute.

Write what you like, but don't hide behind 'Mr Censored,' you mouse!
Don’t. Be. A. Donk.



5 years, you think thats asking for instant gratification? I think the MG ZS 180 is my favourite current MGR, it’s hardly the most modern.



I’m afraid when the P4 took the reins 5 years ago, no-one could have possibly predicted that 5 YEARS down the road there’d be no new metal, the site would have been sold to property developers, and we’d be debating whether the government would be having to step in to prevent a catastrophic meltdown, which is todays situation. If they had, I would have been rooting for Alchemy!

I want MGR to succeed as much as you do, but reality is biting.
 

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Mr_Censored said:
If they had, I would have been rooting for Alchemy!
How can you say that when all Alchemy were, was a group of asset stripping Tossers who probably would have closed MG down by now as well?
 

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My MGZT is about to be sold to a friend. I need a diesel estate replacement. I loved my ZT, but I wouldn't buy a new one until I know that the company is not suffering a slow death, (and I'm not keen on the facelift). I've test driven everything from Audis to Fords as a replacement, but few have measured up to the ZT. (Although the Mondeo ST Tdci was good). If the company sorts itself out soon I'd reconsider. I hope the news is good.
 

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Discussion Starter · #20 ·
As alchemy lost, we never found out what they would have done. I suppose if MGR crashed tomorrow, you could take the view that the P4 has kept it running for an additional 5 years, and as Alchemy were the only other deal on the table, then the P4 did a good job.



But equally we don’t know that Alchemy wouldn’t have done some ruthless cost-cutting (and headcount-cutting) and made a smaller but at least sustainable business by now.
 
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