They were given them for nothing, with all debts written off by BMW, which
has just sold Land Rover (and Gaydon Research) to Ford to cover the debt.
BMW walk away with a clean sheet plus new Mini.
Ford get a strong, world-wide product.
Alchemy get the chance to re-incarnate MG as a specialist, low-volume
sporting car maker.
The losers? The people of Longbridge. There was an image on local TV last
night of a shop/store at Longbridge called 'CARGO'. Someone had painted the
letters 'NE' after the name - shows spirit.
PaulH.
----- Original Message -----
From: Larry Macy <macy@bblmail.psycha.upenn.edu>
To: MG List <mgs@autox.team.net>
Sent: Friday, March 17, 2000 12:57 AM
Subject: Re: MG is reborn? - Take a deep breath
> Now before we all go getting overly excited - or overly pessimistic -
> remember this was just announced today. The BBC's take on it is not real
> positive, mostly due to labor union concerns (say aren't these the same
> folks that helped BL become a world class car company, along with that
> fantastic management team, a few years ago?). On the oter side of the
> coin is the statements coming out of Alchemy - all positive - every thing
> will be MG and be great.
>
> This is all still very new and nobody really knows what is going to
> happen. I will hope for the best, but I would have rather somebody with a
> little more car saavy was the buyer (or gift receiver or whatever). See
> what I mean - it still is even unclear weather Alchemy bought Rover, was
> given Rover, or was paid to take Rover.
>
> So lets hold our collective minds for a bit, and hope for the best. One
> thing is for sure tho - The MG Car Company is a Real Live Entity. Where
> it goes - nobody knows.
>
> Larry
> Absolutley keeping fingers crossed
>
>
> Larry Macy
> 78 Midget
>
> Keep your top down and your chin up.
>
> Larry B. Macy, Ph.D.
> macy@bblmail.psycha.upenn.edu
> System Manager/Administrator
> Neuropsychiatry Section
> Department of Psychiatry
> University of Pennsylvania
> 3400 Spruce St. - 10 Gates
> Philadelphia, PA 19104
>
> Ask a question and you're a fool for three minutes; do not ask a
> question and you're a fool for the rest of your life.
>
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