Government spokespeople have confirmed that senior officials from the Department of Trade and Industry are in China to help bring to a successful conclusion, the proposed partnership arrangement between Shanghai Automotive (SAIC) and MG Rover. They have also confirmed that the government has offered repayable bridging finance to stabilise the transition and to allow the new joint venture between …
Richard Burden recently hosted a briefing in Parliament for MPs whose constituencies are within the travel-to-work area of MG Rover. At the meeting, the MPs were given an update by MG Rover Director of Communications on the strategy behind the proposed joint venture between MG Rover and the Chinese motor manufacturer, Shanghai Automotive (SAIC). With the Longbridge plant in his constituency …
Richard Burden MP, Chair of the All Party Motor Group and whose constituency includes MG Rover’s Longbridge plant, said today: “I am sure that many of tomorrow’s headlines will be dominated by reports that the Phoenix directors have put another £4m into their pension pot and by confirmation that they have now received payments from the multi-million pound loan note. Like many other people, I am …
Richard welcomed the announcement of MG Rover’s development agreement with Chinese car company, Shanghai Automotive. Richard said: “This is excellent news. MG Rover has already released a range of new and revised models and more are on the way. It has also been clear for some time that securing a strategic partner is vitally important for the future. Such a partnership will enable MG Rover to …
The Phoenix Directors have given me some more information about the reports that have appeared in the press recently. They have explained their rationale for some of the ways in which the companies in the group – including MGR Capital – have been structured. In response to a specific question from me, they have also reconfirmed that all the proceeds from the sale of surplus land at …
Richard Burden MP (Birmingham Northfield) will meet managers and employees at BMW’s Powertrain plant tomorrow as the German company prepare to sell the engine production facility. Mr Burden is expected to press for a speedy resolution to the sale and sees the benefits of transfer to the neighbouring MG Rover plant. Mr Burden said: “As their major customer, it would make good sense if MG …
I was Labour Member of Parliament for Birmingham Northfield between 1992 and 2019 and a former Shadow Transport Minister. I now chair Healthwatch in Birmingham and Solihull, and the West Midlands Board of Remembering Srebrenica. I also work as a public affairs consultant. I am an effective community advocate and stakeholder alliance builder with a passion for human rights. I am a trustee of the Balfour Project charity and of Citizens Advice Birmingham, and a former Chair of Medical Aid for Palestinians.