Automotive Industry

Hard lessons at MG Rover.(Opinion)(Brief Article)

Automotive News Europe, April, 2005

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Two lessons can be learned from the likely demise of MG Rover. The first one is not to underestimate the Chinese. Since 2004, all signs have pointed to an imminent acquisition of MG Rover by Shanghai Automotive. But as negotiations dragged on, it became clear to the Chinese that the original [pounds sterling]1 billion was too much.

SAIC also realized its revised offer of about [pounds sterling]200 million was a lot of money for a one-plant, mass-market carmaker with a dwindling market share. So discussions continued.

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It now appears SAIC has concluded that it doesn't make ...

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Automotive Industry

Hard lessons at MG Rover.(Opinion)(Brief Article)

Automotive News Europe, April, 2005

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