The historic days when Britain was frequently troubled by marauding, ransom-seeking Scandinavian invaders resulted in a rueful proverb "Once you have paid the Dane-geld you'll never get rid of the Dane." It is a proverb which should be noted by governments thinking of bailing out troubled automobile companies.
As the families of MG Rover employees protested outside Prime Minister Tony Blair's official residence, the administrator of the troubled UK car maker warned it could no longer fund the warranty program.
Talks to save British carmaker MG Rover are continuing after the UK government agreed to provide emergency funding to prevent the immediate lay-off of 6,000 workers.
Workers at cash-strapped MG Rover Group and the British government were reeling Friday after the sudden apparent collapse of Britain's last mass auto manufacturer.
British car giant MG Rover has formally appointed administrators as the company's UK factory came to a standstill following the collapse of rescue talks.
Cash-strapped UK car giant MG Rover Group is going into administration after its Chinese partner SAIC pulled out of a proposed tie-up, Britain's Press Association said Thursday.
Thousands of workers at British car giant MG Rover are hoping for a breakthrough in crucial talks aimed at securing the company's future through a partnership with a Chinese company.
The historic days when Britain was frequently troubled by marauding, ransom-seeking Scandinavian invaders resulted in a rueful proverb "Once you have paid the Dane-geld you'll never get rid of the Dane." It is a proverb which should be noted by governments thinking of bailing out troubled automobile companies.
As the families of MG Rover employees protested outside Prime Minister Tony Blair's official residence, the administrator of the troubled UK car maker warned it could no longer fund the warranty program.
Talks to save British carmaker MG Rover are continuing after the UK government agreed to provide emergency funding to prevent the immediate lay-off of 6,000 workers.
Workers at cash-strapped MG Rover Group and the British government were reeling Friday after the sudden apparent collapse of Britain's last mass auto manufacturer.
British car giant MG Rover has formally appointed administrators as the company's UK factory came to a standstill following the collapse of rescue talks.
Cash-strapped UK car giant MG Rover Group is going into administration after its Chinese partner SAIC pulled out of a proposed tie-up, Britain's Press Association said Thursday.
Thousands of workers at British car giant MG Rover are hoping for a breakthrough in crucial talks aimed at securing the company's future through a partnership with a Chinese company.
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