Can't see the article, it wants me to register first. But the indications
are now that SAIC never intended to pay MG Rover any more money, they just
wanted them to go to the wall then pick up the bits they need for little
more than their scrap value. Whilst MG Rover were concentrating on
negotiations with SAIC they wouldn't be wasting energy on negotiating with
anyone else that *really* might have resulted in a stay of execution. SAIC
have already written to a number of component suppliers asking them to
quote, are negotiating with the administrators for the production
facilities, and are talking about hiring some key personnel to get
production started. If I were a supplier I wouldn't touch them with a
barge-pole, then end up like MG Rover with nothing, and if I were the
Administrator and there were no better bids I'd say "You can have it for
scrap value" and chop it up into little bits for them.
PaulH.
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