I doubt a lot of the truth in that article, but like everyone else here we don't really know. It may be that SAIC bought licences to build the models (and engines) but that doesn't meant they own all the IP.xerif said:
All the trademarks (MG, Austin, Austin-Healey, Morris, Princess, Vanden Plas et al) were registered to MG Rover Group, not PVH themselves. But the database might be out of date, i.e. they might have transferred them to other companies within PVH.MGRovernut said:Who owns Austin? PVH or MGR?
MGR tried to flog off the MG TF at the start of the week so I'd keep a more skeptical watch on this. I suspect there will be a public enquiry into the accounts and Price Waterhouse are probably asking some pretty searching Q so that they can get a true picture of what they have left to sell and the liabilities of MGR.Ben25 said:So we all believe everything the BBC tells us now do we? If it wasn't for their best efforts over the last week we might not be in this situation and now they are just trying to finish the job by destroying any confidence that there could be a rescue.
As far as I know nobody knows that the designs have been sold to SAIC. Why would anybody in their right mind do that? A licensing arrangement sure, but not sell them. If it turns out that this has been done then MGR is finished because a car company with no models is a bit short of options. All that will happen is someone will buy the MG name and build some car with an MG badge somewhere else. I'm assuming that none of us want to see MGR die so we have to keep the pressure on. Granted, the Govt will probably do nothing, but with a bit of luck that will cost them the election if they don't so they may be forced to do the right thing. But only if they can be made to realise the cost of failing to act. All we need now is somebody who wants to buy a car company. Any ideas?
Thankyou for posting this. I would have knocked it flat myself only I wasn't sure about it. All I knew was that Alchemy man (who lets face it is probably just bitter because he lost last time and is out for his bit of petty revenge) had been mouthing off during the week that he wouldn't give £1 for MGR now, let alone £10. Personally I would have given him a tenner to stay away even if he had been prepared to part with £1.JohnSwitzer said:MGR tried to flog off the MG TF at the start of the week so I'd keep a more skeptical watch on this.
For the record, MG Rover immediately and comprehensively issued a denial to that partcular story, which died a death shortly thereafter.