Summary
THE government and the owners of MG Rover desperately tried to piece together a series of deals over five years to shore up the car maker's fortunes before its eventual collapse, a National Audit Office report has revealed.
Despite backing the 2000 bid for Rover by the Phoenix consortium, the Department of Trade and Industry was aware from the start that the company could not survive alone and that an alliance with a foreign carmaker would have to be brokered.See the full content of this document
Extract
Deals That Put the Brakes On Carmaker
But Phoenix, led by former Rover boss John Towers, became increasingly 'distan...
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