Rover Name Provisionally sold to Chinese.
I see from a Translation Post today sent from NAG site, and on Auto Express News Release that the Rover Name has been Purchased by the Chinese Group Provisionally from Ford and the Rowe Name will be dropped and the Rover Badge Installed in its Place.
Don't know if that is Good or Bad News. |
WOW - this is news, John :eek:
Could be good for Longbridge in the medium to long term with a bit of luck. |
I have reports and Photos of Two new "Rover" Models to be released,
just awaiting Translations. |
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I've been saying/thinking for a long time that it would be ironical if the Rover name was eventually bought NAC or SIAC as the whole saga will have gone full circle!!
It will also likely help with residual values of the "MG Rover" Rovers I think it will be a good thing as "Roewe" would never sell over here, certainly not on their 750 as it would give people like Clarkson a field day!! |
not sure which way to go with this! think possibly a bad decision 'Rover' was, is and should have stayed British. Think it might have been better for the brand name to have just dissapeared. But on the plus side, better than going to Tata
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Rob |
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This means that SAIC now effectively own Longbridge. SAIC are much richer than NAC, although they showed no interest in UK production before the sale back in 2005. There are now many possible futures for Longbridge with SAICs deeper pockets - production of MG7/"Rover" 750 or new models completely. We shall have to wait and see. |
its going to be good news for retrofitting....!
SAICs deeper pockets are more likely to see them experiment with new niche markets like the Tourer body more quickly, perhaps? |
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