Skip to main content

Shanghai Automotive says it never mentioned buying MG Rover

This, from the Chinese Media, seems to be the nub of the current debate.

The plan from China was not that SAIC would buy MG Rover, but that there would be a joint venture.

The problem for the Chinese was the stability of MG Rover (because if you have a joint venture with someone who goes bust then you have the problem that either the joint venture goes under and you lost the funds invested or you have to support the other partner.

That is why a stable partner is needed.

Comments

Post a Comment

Popular posts from this blog

NHS reorganisation No 3,493,233

Followers of my blog will have seen the NHS question about how many reorganisations have we had. We've yet another. The number of PCTs (Primary Care Trusts) nationally is to halve. This means merging East and North. (and then probably HoB and south). It would be nice if people would stick with one structure. There is a quotation ( Which sadly does not appear to be a true quotation ) We trained hard . . . but it seemed that every time we were beginning to form up into teams we would be reorganized. I was to learn later in life that we tend to meet any new situation by reorganizing; and a wonderful method it can be for creating the illusion of progress while producing confusion, inefficiency, and demoralization. But has to have been originated by someone. The web link shown goes through the derivation which appears to be more linked to an anonymous British Soldier WW2 than any Roman or Greek General called by a name perming 2 out of (Gaius, Galus, Petronius and Arbiter). From the...
2 comments
Read more