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

To: Paul Hunt <paul.hunt1@blueyonder.co.uk>
Subject: Re: "Now The Wraps Are Off New MGs, Too! | Car News | Auto
From: "Paul T. Root" <ptroot@iaces.com>
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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