MG Rover Still Loses Money - State Inquiry Costs 15 Million Euros

 MG Rover Still Loses Money - State Inquiry Costs 15 Million Euros
MG XPower: Lost Potential / Quickpic

Yet No End in Sight

Government-sanctioned commissions of inquiry typically cost money. Taxpayers’ money. In the case of the MG Rover saga, £11 million (€14.8 million) over the past three years, and still counting. It has emerged that the independent auditors and investigators have run up bills of £95,094 (€127,400) on hotel costs and £29,279 (€39,224) on food alone.

Accusations have started flying thick and fast, with trade and industry spokeswoman for the Liberal Democratic Party Lorely Burt saing to The Birmingham Post: “It feels like the government has issued a blank cheque. It is high time all those who lost their jobs, their families and the taxpayer got answers.”

Six thousand jobs were lost when MG Rover shut down its factory in Longbridge and went under in 2005.
"Everybody said they wanted an independent investigation,” Northfield MP Richard Burden said, “and it's not independent if ministers tell the inquiry what to do. But I think the accountants have had long enough and ought to publish their findings. This has taken longer than the inquiries into the Iraq war." Part of Burden’s constituency is Longbridge.

The UK government says it cannot tell the investigators to quicken their pace as this may be viewed as meddling with an independent inquiry. Nanjing Automobile Corporation, a 61 year old Chinese company, now owns the right to manufacture MGs and Rover products.

Source: Automotive News Europe

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 Joe_Limon Joe_Limon
that concept is pretty cool
February 10, 2008 8:06 pm
 Joe_Limon Joe_Limon
wait a sec, it isn't a concept. now its really cool
February 10, 2008 8:10 pm
mhm it looks like opel calibra with new spoilers, bumpers and hood lights are the same
February 10, 2008 10:23 pm
 dbehmoaras dbehmoaras
thats something to bring to the states
February 11, 2008 2:06 am
 joelynn joelynn
You guys are a bit behind the times... that thing was the MG X-Power SV, where Rover took the beautiful Qvale Mangusta and turned it into a 17 year olds idea of a supercar and then built it badly and cheaply. This wasted money they should have spent on a new 25 replacement. They also invested in sensible things like racing at Le Mans. The inquiry's conclusion is obvious- stupid management killed Britains only mainstream maker and the SV is the best example of this.
February 11, 2008 6:30 am
 catch22 catch22
joelynn you're absolutely right! The SV turned out to be a good idea executed badly. The proportions didn't match, engine was not powerful enough and lacked the punch of competitors and above all cost to produce and market price were simply too high. This was like an antithesis of Nissan GT-R (911 turbo performance for Cayman money vice versa) :)
February 12, 2008 10:06 am
 slk slk
Look at front lamp straight from old model of fiat punto(before FL)
February 12, 2008 3:37 pm