Honda Taking Over MG? Possible?
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Honda Taking Over MG? Possible?
Autocar has been informed that a Honda delegation has made a secret visit to part of the closed Longbridge factory. Apparently, the delegation made the visit in mid-May with senior union officials. Although there are doubts that Honda is interested in the entire MG Rover Group, but Honda may be looking into taking over the MG brand. That would truly make Honda the only potential buyer of MG that could actually make good on promises to expand the MG brand throughout the world. It would also mean that MG would probably come to the US again
Autocar has been told that a Honda delegation from Japan paid a visit to part of the closed Longbridge factory in mid-May. The delegation is said to have been accompanied by senior trade union officials.
Although there is no chance of Honda rescuing the defunct MG Rover operation, it is possible that Honda might have an interest in the MG brand itself. Despite years of trying, Honda has never had great success selling sports cars under its own name. Neither the NSX supercar or the S2000 roadster made a breakthrough in global markets. Indeed, the NSX is said to have been inspired by the aluminium, mid-engined V6 Austin-Rover-built MG EX-E concept of 1986.
The same source revealed that MGR’s paint shop is under orders to remain on standby by ‘keeping the paint fresh’, though there’s no clue so far as to why.
Meanwhile, the German autopress is awash with rumours that MGR’s erstwhile partner, Shanghai Automotive Industry Corporation, is set to move in on Fiat Auto. Despite strong denials from Fiat, reports suggest that SAIC, possibly in tandem with other Chinese car makers, is set to try to take a stake in the Italian company this autumn.
Fiat Auto has to repay a £2bn loan to six banks by this September, or it will be converted into shares, further diluting Fiat’s autonomy. It’s being suggested that Chinese makers could swoop, and offer to inject the £2bn in exchange for a significant stake in Fiat Auto.
Although there is no chance of Honda rescuing the defunct MG Rover operation, it is possible that Honda might have an interest in the MG brand itself. Despite years of trying, Honda has never had great success selling sports cars under its own name. Neither the NSX supercar or the S2000 roadster made a breakthrough in global markets. Indeed, the NSX is said to have been inspired by the aluminium, mid-engined V6 Austin-Rover-built MG EX-E concept of 1986.
The same source revealed that MGR’s paint shop is under orders to remain on standby by ‘keeping the paint fresh’, though there’s no clue so far as to why.
Meanwhile, the German autopress is awash with rumours that MGR’s erstwhile partner, Shanghai Automotive Industry Corporation, is set to move in on Fiat Auto. Despite strong denials from Fiat, reports suggest that SAIC, possibly in tandem with other Chinese car makers, is set to try to take a stake in the Italian company this autumn.
Fiat Auto has to repay a £2bn loan to six banks by this September, or it will be converted into shares, further diluting Fiat’s autonomy. It’s being suggested that Chinese makers could swoop, and offer to inject the £2bn in exchange for a significant stake in Fiat Auto.
a MG pic:
Last edited by cambo; Jun 10, 2005 at 02:12 AM.
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I was wondering though, didn't they also own Range Rover and Mini? What cars does MG produce now, or have they produced recently that is worth a shot at the US market?
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Originally Posted by cambo
This British car might become more reliable
Kinda like Ford and Jag huh.
Kinda like Ford and Jag huh.
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