Rover driven into receivership

[Newromancer]

Reuters, Guardian, BBC, and the other PH Thread.

But I don't want to talk about Rover, I want to talk about MG.

What will happen to (the Brand) MG?

The F was a success, and MG (looked at it as individual) was doing more or less well, would be shame to see the brand go ... again.

[raged_out]

Will we lose money on our cars value if they do go belly up???

[cone]

raged_out said:

Will we lose money on our cars value if they do go belly up???

not if you brake em for parts , im sure some stuff will be quite rare soon.
sorry couldn't resist.

[raged_out]

raged_out said:

Will we lose money on our cars value if they do go belly up???

Yeah clever did it take all day to come up with that sentance.

I'd like a serious answer please people.

[cone]

raged_out said:

raged_out said: Will we lose money on our cars value if they do go belly up??? Yeah clever did it take all day to come up with that sentance. I'd like a serious answer please people.

as an ex Rover dealer ( thankyou BMW ) weve been ovoiding buyin rover stock in for a while, just waiting for today to happen.yes its a feckin shame. but its been on the cards for years.

[raged_out]

ok here we go again. 'DO ROVER MG CAR OWNERS LOSE VALUE ON THERE CARS'????

[sb-1]

raged_out said:

ok here we go again. 'DO ROVER MG CAR OWNERS LOSE VALUE ON THERE CARS'????

IMO it is inevitable that this will happen.

Steve

>> Edited by sb-1 on Saturday 9th April 09:47

[raged_out]

Thanks Steve well atleast I now know never to invest my money in british pish again. Next stop Germany.

[2 Smokin Barrels]

raged_out said:

ok here we go again. 'DO ROVER MG CAR OWNERS LOSE VALUE ON THERE CARS'????

I don't suppose the depreciation will be any greater than before.

[2 Smokin Barrels]

2 Smokin Barrels said:

raged_out said: ok here we go again. 'DO ROVER MG CAR OWNERS LOSE VALUE ON THERE CARS'???? I don't suppose the depreciation will be any greater than before.

Possibly except for the very new, which may lose the benefit of warranty. I suppose the loss though, is insignificant compared to the pain for poor buggers looking for a job.

[p490kvp]

To be honest I don't think MG is part of all this.

I'm pretty sure that the directors cherry picked the best bits of the company for themselves and I believe MG is completely separate from Rover.

Which when you look at all the press releases they all talk of Rover - not MG/Rover.

[Newromancer]

2 Smokin Barrels said:

raged_out said: ok here we go again. 'DO ROVER MG CAR OWNERS LOSE VALUE ON THERE CARS'???? I don't suppose the depreciation will be any greater than before.

agree...

Would be the right time to buy one of the remaining new ones, I'm bloody sure the dealer want's to sell the rest of the stock as fast as possible.

About the depreciation, IMO some people will loose interest in the car, other, who wanted one, will be forced to look at the 2nd hand market.
As for MG's I think the situation will balance itself more or less (take a look at the vintage cars).

As for Rover's however, ... I'm not so sure.

[Alicatt]

As far as I can assertain there wereless than 1000 ZT260s made does that mean it will become valuable?
I better go and put mine in storage

[Newromancer]

Man who snapped up TVR may go for MG

[beear]

I don't think any business will be foolish enough to buy MG or Rover name at this time and take their liability, and we all know ¡§Rover¡¨ name were totally ruined (thanks India City Rover Tata). But I bet someone will build their car with MG name plate on it after MG Rover disappeared for a while, just like how VW build their super car under Bugatti plate.

[Newromancer]

As mentioned, overall MG wasn't doing so bad.
It where the Rover cars that didn't want to sell.

MG adresses an Entrylevel sportscar segment, while TVR looks at the top end, both of them would complement each other quite nicely ... IMO.

Personally I like the idea. (As I like both cars.)

[Newromancer]

benadorassociates.com said:

Tony Lomas, one of the PricewaterhouseCoopers administrators, said the first potential buyer for MG, the brand, and MGTF, the sports car, is to start due diligence work next week.

www.benadorassociates.com/article/14101