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Re: "Now The Wraps Are Off New MGs, Too! | Car News | Auto

To: Paul Hunt <>
Subject: Re: "Now The Wraps Are Off New MGs, Too! | Car News | Auto
From: "Paul T. Root" <>
Date: Thu, 21 Jul 2005 13:27:25 -0500
I figured there's just too much going on for anything
to be more than wishful thinking.

I have no hope for MG returning. Maybe another 15-20 years
if they rise from these ashes. And keep rising.

Paul Hunt wrote:
> Too much hype, rumour and innuendo at the moment.  The two Chinese bids are
> said to be 'lift and shift' whereby all production moves out of the UK.  The
> third UK based bid claims to keep production at Longbridge, but apparently
> needs UKP40M from the Government before they can negotiate with the banks
> for new loans.
> Ironic that now the original debts have been written off banks are said to
> be willing to lend more money to someone else.
> And there *still* won't be an MG coming to America.
> PaulH.
> ----- Original Message ----- 
>>Is there any rumors flowing around the UK as to
>>which competing bid is most likely?

    ______      Paul T. Root
   /    _ \     1977 MGB
  /  /||  \\
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  \   ||__//

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