It is now more than seven years since the Phoenix Four made their promise to set up a trust fund for former MG Rover workers, when the company closed in 2005.
After seven years of waiting, former workers are now being told they will receive just £3 each. That is nothing more than an insult to the people who did everything that was asked of them by the Phoenix Four and ended up losing everything.
It is now more than seven years since the Phoenix Four made their promise to set up a trust fund for former MG Rover workers, when the company closed in 2005.
You may have seen the report in today’s Birmingham Mail about a High Court ruling against Phoenix Venture Holdings’ application for HBOS to disclose financial information relating to the disposal of 8,000 cars.
Pleased to have the chance to talk to racing driver Jason Plato at the launch of the MG KX Momentum BTCC Racing Team at the MG factory in Longbridge.
You may have seen the news last week that the Phoenix Four, the former bosses of MG Rover, have been disqualified as company directors.
The independent inquiry into the collapse of MG Rover, which reported its findings in 2009, was damning for the Phoenix Four. The picture that emerged was of millions being made not from the engineering of cars but from the engineering of company finances.
Yesterday former MG Rover employees, MG Rover and Austin enthusiasts, community groups and the new MG car company all came together in Cofton Park to celebrate our pride in Longbridge. Pride of Longbridge was a wonderful day. A celebration of why the name was synonymous with the motor industry throughout the 20th Century. It was great to see Austin, MG and Rover enthusiasts swopping stories with...
Today I was in Longbridge to watch the first new MG6 roll off the production line. This is a real milestone for Longbridge and for the automotive industry in the West Midlands.
Longbridge has been through dark days. Nobody around here will forget how it felt, six years ago this week, when the MG Rover plant closed its doors for the last time and over 6,000 people lost their jobs.