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Discussion Starter · #1 ·
Hi, well I suppose this is considered a project, it's news afterall, enjoy:

Two of Iran's state-owned car manufacturers are considering buying MG Rover, the last major British-owned car manufacturer which collapsed this month, the semi-official ISNA student news agency said.

The 100-year-old carmaker, which once made the iconic Mini and the Land Rover, stopped production after failing to secure a rescue deal with China's Shanghai Automotive Industry Corp.

"Iran Khodro and SAIPA are considering taking over Britain's Rover," ISNA quoted an unidentified official of Iran's Ministry of Industries and Mines as saying.

Iran Khodro, the Middle East's largest carmaker, has ambitious plans to produce 1 million cars a year by 2011 and has begun setting up factories in the Middle East, Africa and former Soviet states.

SAIPA is Iran's second-largest car manufacturer.

Last week British administrators said there was no hope of selling MG Rover and that just under 5,000 workers would be made redundant immediately.

"SAIPA is a couple of steps ahead of Iran Khodro in the talks," the Iranian official was quoted as saying.

The report did not specify which of MG Rover's assets the Iranian carmakers were interested in purchasing.

An Iran Khodro spokesman said the company had made no approach so far for MG Rover.

"We are considering it inside the company; it is just an option," the spokesman said.

SAIPA officials could not be reached for comment.

Iran has a history of ties to the UK car industry. Its streets are packed with the ubiquitous Paykan, a carbon copy of the 1960s Hillman Hunter, which until this month was still in production at Iran Khodro.

ISNA said that a third potential buyer of MG Rover was Dastaan, which is owned by an Iranian politician from the south-eastern province of Sistan and Baluchestan.

London's Daily Telegraph reported on Thursday that senior British officials had held various meetings with the Iranian government since early 2004 over plans by Dastaan to assemble some 150,000 MG Rover cars a year in Iran.

It said Dastaan got cold feet about an initial trial shipment of fully assembled Rover vehicles when it learned the extent of Rover's financial problems
 

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Discussion Starter · #3 ·
Well, where should it have been placed then, I looked around and really this was the best place although I know it's not a skyscraper, but a takeover is a project anyways ;).
 

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Discussion Starter · #4 ·
Ok you know what, maybe this belongs in the transport section, should be better, so please can a mod put it there.
 

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This is absolutley ridiculous...Were the 4th richest country in the fuooking world and we cant even support our own Manufacturer's...We have nothing to be proud of...Nothing! Nothing that substantiate's what the germans have...

Labour sucks!
 

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Manc Guy said:
This is absolutley ridiculous...Were the 4th richest country in the fuooking world and we cant even support our own Manufacturer's...We have nothing to be proud of...Nothing! Nothing that substantiate's what the germans have...

Labour sucks!
Our economy has grown faster than Germany's something like twelve years in a row - largely because our economy isn't stuck in the past like theirs. Germany has five million unemployed. We have numerous world leading companies like BP, HSBC, GlaxoSmithkline and Vodafone. We have more companies in the Forbes 2000 of the world's leading companies (140) than Germany (63) and France (62) put together.

http://www.forbes.com/2005/03/30/05f2000land.html
 

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And yet Germans still are richer, oops! The UK has had trade deficits for decades, and continues to have while Germany continues to be the world's largest manufacturer with decades of continuous trade surpluses.

I've just been discussing the value of money:

NL 1 cucumber right now is at 40pence
same one @Salisbury 89p
VAT in Germany is lower than in NL so, 1 cucumber is probably even cheaper overthere

thus:
Of course The UK is wealthy but comparisons fall short after some valuta hick-ups. I have dozens of Britsh mates and friends, two of whom have been diagnosed with MS, both opt to stay in Germany because they simply are better off here than back in dear ol'blighty.

Anyway, I heard this news and posted a reply on the skybar forum. It's nothing to get upset about: the link already was there; hence the Hillman replicas built in Iran, and in spite of popular belief, Iran may be a theocracy but its people is far from stupid. You should listen more to the BBC World Service.
However, it has logic that a new Iranian owner will also cut jobs in The UK. Neighbouring Turkey is a main car manufacturer. And I myself much prefer Made in Turkye or Made in Iran to Made in China anyhow. From experience.
 

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eusebius said:
And yet Germans still are richer, oops!
Yes, you have made a boo-boo.

2003 GDP per capita at purchasing power parity estimates by The Economist:

UK $27,490
Ger $27,060 (98.4%)

2004 estimates at ppp from the CIA World Factbook:

UK $29,600
Ger $ 28,700 (97%)

Latest forecast of German growth for 2005: 0.7%
Latest forecast of UK growth for 2005: 2.3%

Why are there some people who still can't grasp that manufacturing isn't the be all and end all of an economy?
 

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Shanghai Auto may build own line of cars based on Rover 75: report
Mon May 2, 5:45 AM ET
HONG KONG (AFP) - Shanghai Auto, a unit of China's largest automaker, plans to produce its own branded cars, probably based on the Rover 75, by the first quarter of 2007 in a move which will put it in competition with current partners General Motors and Volkswagen, a press report said.

Zhao Fenggao, general manager at Shanghai Automotive Co. (SAC), the listed unit owned by Shanghai Auto Industry Corp. (SAIC), said production would be based at a plant in Yizheng, in eastern Jiangsu province, the South China Morning Post citing SAC spokesman Zhang Tao.

Zhang quoted Zhao as saying that SAIC was eager to make cars under its own brand name and had decided on the model. He declined to give further details.

Industry sources told the newspaper that the car would be based on the Rover 75 chassis with a new exterior.

In November last year, SAIC paid 67 million pounds (127.7 million US dollars) to British firm MG Rover for the right to manufacture the Rover 75 and Rover 25.

The Rover 75, which was first produced for the British market in June 1999, was MG Rover's best-known model and a key reason why SAIC was interested in buying the company.

Talks for a joint venture between the two, in which SAIC would have held a majority stake, collapsed last month after which the British company was put into administration.

SAIC is determined to build its own cars, starting with 50,000 a year, as part of its ambitions to become a global company, which includes an overseas listing.

This puts it on a collision course with its partners Volkswagen and General Motors, who do not want SAIC to become a competitor at home or abroad. The Rover 75 will compete in the mainland against Volkswagen and GM models.

Industry sources also said SAIC remained interested in buying parts of MG Rover and had written to its suppliers about the possibility of making passenger cars in the mainland.

The Yizheng plant is SAIC's third production base in the country. It currently produces Sabre multi-purpose vehicles which are widely used by the police, post office and other public utilities, the report said.
 

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Isaac Newell said:
We probably have too many Jews living here for his liking.
schlemiel :rofl:

don't get fooled by income figures

germans work less hours ... the country has surpluses, UK has a trade deficit

funny how you perceive posting mere facts as putting you down

and you are probably wrong on where I'm from and where I am ;)
 

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Maybe they'll name them Lada's! LOL
___________________________________
Tuesday, 3 May, 2005, 12:57 GMT 13:57 UK
Russians scotch Rover bid rumours
Russian aluminium magnate Oleg Deripaska and TVR sportscar firm owner Nikolai Smolensky have dismissed reports that they may buy MG Rover.
PricewaterhouseCoopers, administrator for the stricken carmaker, said Russian firms were among 200 potential buyers.

TVR has dismissed newspaper reports that its owner may buy MG Rover.

Ruspromavto - owned by Mr Deripaska - said that its "leadership has not held and does not plan to hold any negotiations on this matter".

British connection

Mr Deripaska, whose company, RusPromAvto, owns number-two Russian carmaker Gaz, has invested heavily overseas in recent months, boosting speculation that he may be interested in the British company.

RusPromAvto deputy chairman Alexander Yushkevich was earlier quoted in the Mail on Sunday as saying that Mr Deripaska was impressed by Rover's 25, 45 and 75 models.

Rovers "are more popular than... Fiats in Russia," he told Russian paper Gazeta.


The Mail on Sunday had said that Mr Deripaska, who has a £25m property in Belgravia, was keen to develop his British interests and would be sending in accountants to look at Rover's books.

The Observer newspaper had tipped Mr Smolensky as a potential buyer.

The TVR owner is the son of banking tycoon Alexander Smolensky, and it was thought that he would want to add Rover's MG sportscar to TVR's sportscar portfolio.

Phil James, a spokesman for Blackpool-based TVR, said he was not aware of any plan.

"Nick bought TVR last year, so now he's in the British auto industry, people make 22 out of two and two," he said. "It's a non-story."
 

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Which bid sounds best? The Russian, the Iranian, or the SAIC rumored bids? I think the Iranian, as SAIC claim they've got the rights to build Rovers already, and wouldn't be giving any money to Rover. The Russian bid's just a rumor right now.
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Friday, 6 May, 2005, 11:11 GMT 12:11 UK
Mystery over Iranian MG Rover bid
Confusion surrounds the intentions of three Iranian carmakers reported as forming a joint venture to take over MG Rover and its Longbridge car plant.
Reports on Friday said car firms Saipa, Khodro, and Dastaan were told by the Iranian government to make the offer.

A spokesman for the Iranian embassy in London admitted government firm Khodro had "expressed an interest" in Rover.

He said he was unaware of any deal with Dastaan, which was due to take 2,000 cars from Rover before it collapsed.

The Iranian admission came as sales figures from the Society of Motor Manufacturers and Traders (SMMT) showed registration of new MG and Rover cars down 90% in April on the same month a year earlier.

'Totally different'

"We are studying the possibility for Khodro to take over Rover and its factory in the UK," a spokesman from the economic section of the Iranian embassy in London said.

"But Dastaan is a totally different concern. It is privately owned and had the contract to buy 2,000 finished Rover cars for sale in Iran, but Rover then went into administration.

"We are waiting to see what will happen now."

On Friday, a story in the Daily Telegraph quoted Dastaan's UK consultant Peter Linghorn as saying the three rival firms were "willing to take over the whole thing and kick-start production".


However, the Iranian economic spokesman said he was unaware Dastaan had a representative in the UK, and that there had been no correspondence with the embassy.

The BBC's correspondent in Tehran, Frances Harrison, said there had been no announcement of any three-way bid for Rover from the Iranian firms.

"However there has been ongoing interest in the Rover situation in Iran for more than a week now," she said.

Khodro is the largest carmaker in the Middle East, while Saipa is the second-biggest carmaker in Iran. Dastaan is a smaller private motor company.

"This is not a commercially driven deal, it is about enhancing relationships," Mr Linghorn told the newspaper.

He said the Iranian motor trio would "re-open all the Rover lines; the 75, the 45 and 25, MG sports".

Interested parties

MG Rover went into administration on 8 April after the collapse of talks over a possible rescue tie-up with China's largest car maker, Shanghai Automotive Industry Corporation (SAIC).

A spokesman for receivers PwC said they could not confirm specific approaches for MG Rover.

However they had earlier said that there had been approaches from 200 different parties around the world interested in buying Rover, and that there had been inquiries from Iran.

Meanwhile, total new April UK car registrations fell 4% on April 2004 with "the dip largely being dominated by MG Rover" according to the SMMT.
 

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07/05/05 - Business section
Rover sales plummet to 739
Michael Clarke, This is Money,

THE MG Rover group sold just 739 cars last month as its slide into administration put off potential buyers. Figures from the Society of Motor Manufacturers and Traders showed that the company sold just a tenth of the number it would expect to shift for the time of year.

The company called in administrators early last month after talks with the Shanghai Automotive Corporation failed, but news of the firm's potential demise hit sales at the beginning of the month.

Manufacturing at the company ceased while the administrators tried to find a buyer, but thousands of workers were laid off in mid-April when it failed.

Ironically, since that point dealerships have reported an upsurge in demand as customers look for a bargain.

The news comes as mystery surrounds a potential bid for the company from a consortium of three-Iranian car manufacturers. Saipa, Khodro, and Dastaan have reportedly been told by the Iranian government to make an offer for the West Midlands-company.


The Rover sales dip contributed to overall UK new car sales falling 4% to 179,457 in April this year compared with the same time a year ago. Total sales for the year to date have now reached 880,962 - a 6.6% drop on the January-April 2004 figure.

SMMT chief executive Christopher Macgowan said: 'On five of the last six occasions, new car registrations have received a boost immediately after a General Election. However, March figures showed that the market had already started to pick up after a disappointing start to the year.'

The Ford Focus was once again the top-selling model last month. The BMW-owned Mini - once part of the Rover empire - entered the top 10 for the first time since July 2003.
 
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