[ROVERNET - UK] Re: Rover & Shanghai

[James Dean]

Today(Friday 11-26) there was a front page article about the Chinese
Entrepreneur who bought majority interest in  MG./RoverGroup  He got his
mechanical start repairing Farm tractors. At least he has  something in
common with Henry Ford, whose  First Sales job was selling Westinghouse
Steam tractors. Henry Ford later built Fordson Tractors , but was not really
successful in the tractor business, until he made a handshake deal with
Henry Ferguson the British genius, and built Ford-Ferguson Tractors.Black,
President of Standard motors built tractor engines; they were used in the
TR2. David Brown of Aston Martin first built tractors. I believe there are
Porsche Tractors, And didn't Lamborghini build tractors? In the beginning,
LandRover was designed as an agricultural vehicle. So at least Mr Lu
Guanquiu has the right background for this business.Let us hope he also has
some Sporting blood in his veins He drives a Volkswagen, so that is an
unanswered question.James Dean, Ft. Lauderdale.
----- Original Message ----- 
From: "Jonathan Hewison" <Jonathan.Hewison at vuw.ac.nz>
To: <rovernet at lyris.ccdata.com>
Sent: Tuesday, November 23, 2004 1:55 PM
Subject: RE: [ROVERNET - UK] Re: Rover & Shanghai


Then there is a good chance we will end with Rovers looking like the car
featured on the page below....

http://www.autobuy.co.nz/car/car_stock.php?module_id=3&vehicle_id=206497&dealer_id=556&referrer=http%3A%2F%2Fwww.mcguinnessclassics.co.nz%2Fmainfinal.htm



Jonathan Hewison
Engineering Technician
Faculty of Architecture & Design
Victoria University of Wellington
Te Whare Wananga o Te Upoko o Te Ika
New Zealand.
www.vuw.ac.nz
-----Original Message-----
From: Walter Reynolds [mailto:wreynold at uniserve.com]
Sent: Tuesday, 23 November 2004 5:43 p.m.
To: rovernet at lyris.ccdata.com
Subject: [ROVERNET - UK] Re: Rover & Shanghai

Here's the text of an article a friend emailed to me on Nov 21/04.

"Takeover looms for Rover
(Filed: 20/11/2004)

MG Rover, Britain's last large car maker, is on the brink of a merger with a
Chinese motor company.


The deal could secure the Longbridge plant Reports say the Shanghai
Automotive Industry Corporation will get 70 per cent control of Rover in
exchange for investing more than £1 billion.

The deal hangs on the Chinese government giving the go-ahead in the New
Year.

MG Rover will not discuss details of the merger but have said it could be
signed next year and will be a "tremendous opportunity" for both sides.

Stewart McKee, head of international media, said: "The precise details of
the collaboration between Shanghai Automotive Industry Corporation and MG
Rover are yet to emerge, as both parties are awaiting final approval from
the Chinese authorities, which is expected in the New Year.

"What's certain is that we have started negotiations with Shanghai
Automotive to enter into a wide-ranging strategic relationship.

"We have signed those agreements in June of this year and both parties have
been working hard on the detail of the relationship.

"We do need the final approval of the Chinese authorities in order to
proceed and that's the point at which the final details will emerge.

"The ownership of Rover has been discussed at a number of points. We have
always talked about a joint collaboration."

But despite talks of joint control, reports say that the deal will mean
control of the Longbridge-based motor manufacturer will pass out of British
hands.

A new joint-venture company to design, develop and produce cars will be
owned by the Chinese, with only 30 per cent held by MG Rover.

There will be separate British and Chinese companies to manufacture the new
models in Birmingham and Shanghai but the key assets and intellectual
property rights of the two car-makers will be contained in the
Chinese-controlled joint venture.


Information appearing on telegraph.co.uk is the copyright of Telegraph Group
Limited and must not be reproduced in any medium without licence. For the
full copyright statement see Copyright "

Walter.  1968 P6 SC

Walter D. Reynolds
19753 Wildcrest Avenue, Pitt Meadows, B.C.  V3Y 1M3
Ph:  604-465-6350   Fax:  604-465-6367

> I am from Brisbane Australia and i was told by a friend that there was
> a news article about Rover last night on the news about it going broke
> or
some
> such thing. They just caught the tail end of the article. Did anyone
> see
it
> or know what it was about, or is this just another rumour / urban myth?
>
> Thanks Damien


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