Jesus, is Nick Owen slowly morphing into Alan Partridge? I don’t remember him being so Partridge on the sofa, that scene with the Chaplain was priceless.
So let me get this right mg rover collapsed leaving workers with a poor redundancy yet the pheonix 4 walked away with 42 million pounds could that not be a bit illegal
Its probably not that straight cut and dry. What likely happened was the Phoenix 4 gave MG Rover £42m in directors loans, so when the company went into administration, those directors loans would've been first in line for repayment after sale of assets, which is nothing out of the ordinary when a company winds up operations. Workers are usually the last in line as creditors.
@@MrJustapersn I think they also paid themselves huge salaries and bonuses over the 4 years or so they ran the place. They also splashed the companies cash on extravagant entertainment, hiring private jets for golf trips and other shit like that. I don't think they gave a shit about the company surviving they just milked it as long as it lasted and then retired with their pockets full when it collapsed. Even as late as 2000 it may have been possible to save the company with the right people in charge.
@@bobbyrayofthefamilysmith24 Agreed. BMW offered the R30 for £300m which would have given Rover an up to date Focus/Astra/Golf rival that was pretty much ready to go, and would have been a volume seller in the way the R8 was. The Phoenix lot didn't even negotiate, or try to raise the funds. Instead they launched a supercar and a badge engineered £3,000 Tata
One key thing to take away from this is that attitude is everything, it's terrible for those who lost their jobs but surely they couldn't have been so surprised? I visited the factory in 2003 and it was obvious even then it wasn't going to fly, they were building ten year old cars, in a completely disorganised facility.
The world is unfair. Rich guys will always get their way. Wash their hand in innocence and walk away. The sucker remains the worker. What about that is actually new, I dare to ask.
7:56 ROVER FACTORY ROVER LONGBRIDGE OPERATIONS ROVER GROUP 😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😱😭 CLOSED MG) OPEN ROVER FACTORY SERIES 100 200 400 600 800 25 45 75 ) ROVER 416 SI SEDAN 1600CC RED
I wonder how many of the workers at MG Rover where around in the 1960's and '70's, working for British Leyland? Sad day, when the company went bust. Tony Blair didn't do anything to help save the company, simply by using the rubbish excuse of saying that it would be unfair for the rest of the car making industry in the EU. Didn't the French and Italian governments save both Renault and the FIAT Group. Now we have found out that Blair couldn't we trusted with a chocolate teapot. Hold your head in shame Blair you warmonger.
@@Ineverreadreplies he said UNSKILLED and £9 an hour was great money back in 2005. £4-5 an hour was normal for unskilled people back then. You'd need skills to justify £9 in most other industries.
Did not signing the EU Maastricht Treaty mean that UK industry would be education, IT, banking, cookery, needlework and services unless owned by other EU countries. Germany opted for vehicle and machine manufacture.
Don't complain. A company is a company from the President/CEO/Chairman all the way down to the janitor. If you do a shoddy job, you fail. There is no reason to complain about the governement or Tony Blair or any other public entity. I don't get saved by anybody either. So, you should have built better cars. The End.
I feel sorry for the workers has I remember it well back in 2005 but still in 2017 I still own 4 rovers bulit at longbrige and love them all
Jesus, is Nick Owen slowly morphing into Alan Partridge? I don’t remember him being so Partridge on the sofa, that scene with the Chaplain was priceless.
5:58 NOOOO 😭😭😭😭😭😭😭😭
Love my mg zr 🤙🏻😎
I love mine too
So let me get this right mg rover collapsed leaving workers with a poor redundancy yet the pheonix 4 walked away with 42 million pounds could that not be a bit illegal
Sadly not in this sick world. Those at the top always walk away with millions...
Big government and big co-co-operation run the world just like the EU, They know how to take care of them selves.
Its probably not that straight cut and dry. What likely happened was the Phoenix 4 gave MG Rover £42m in directors loans, so when the company went into administration, those directors loans would've been first in line for repayment after sale of assets, which is nothing out of the ordinary when a company winds up operations. Workers are usually the last in line as creditors.
@@MrJustapersn I think they also paid themselves huge salaries and bonuses over the 4 years or so they ran the place. They also splashed the companies cash on extravagant entertainment, hiring private jets for golf trips and other shit like that. I don't think they gave a shit about the company surviving they just milked it as long as it lasted and then retired with their pockets full when it collapsed. Even as late as 2000 it may have been possible to save the company with the right people in charge.
@@bobbyrayofthefamilysmith24 Agreed. BMW offered the R30 for £300m which would have given Rover an up to date Focus/Astra/Golf rival that was pretty much ready to go, and would have been a volume seller in the way the R8 was. The Phoenix lot didn't even negotiate, or try to raise the funds. Instead they launched a supercar and a badge engineered £3,000 Tata
ROVER 75 The very best car modern Britain 🇬🇧 ever produced .
Shame they stripped all the quality out of it later on in an attempt to cut costs.
One key thing to take away from this is that attitude is everything, it's terrible for those who lost their jobs but surely they couldn't have been so surprised? I visited the factory in 2003 and it was obvious even then it wasn't going to fly, they were building ten year old cars, in a completely disorganised facility.
The world is unfair. Rich guys will always get their way. Wash their hand in innocence and walk away. The sucker remains the worker. What about that is actually new, I dare to ask.
Sudden optimism for the British car industry, and then Britain votes to lose the market for said cars. You couldn't make it up.
The management should be fined as they robbed the co.£24m !!!
7:56 ROVER FACTORY ROVER LONGBRIDGE OPERATIONS ROVER GROUP 😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😱😭 CLOSED MG) OPEN ROVER FACTORY SERIES 100 200 400 600 800 25 45 75 ) ROVER 416 SI SEDAN 1600CC RED
The phoenix four ....clever crooks
I wonder how many of the workers at MG Rover where around in the 1960's and '70's, working for British Leyland?
Sad day, when the company went bust. Tony Blair didn't do anything to help save the company, simply by using the rubbish excuse of saying that it would be unfair for the rest of the car making industry in the EU. Didn't the French and Italian governments save both Renault and the FIAT Group. Now we have found out that Blair couldn't we trusted with a chocolate teapot. Hold your head in shame Blair you warmonger.
Yep, Renault are part-owned by the French state.
Nigel Charlton-Wright Well said 👍
21:55
you really had no chance with tony Blair. my husband worked for over 20 years. we divorced
Phoenix four should be in jail.
Nine pounds an hour for a totally unskilled person. Typical British motor industry that was!
@@Ineverreadreplies he said UNSKILLED and £9 an hour was great money back in 2005. £4-5 an hour was normal for unskilled people back then. You'd need skills to justify £9 in most other industries.
Auto workers in germany and sweden are paid more and they are still employed, I wonder why, maybe because they make good cars?
7:30 ROVER 400 I LOVE YOU
czcams.com/video/zV3DL_Rdetg/video.html
Did not signing the EU Maastricht Treaty mean that UK industry would be education, IT, banking, cookery, needlework and services unless owned by other EU countries. Germany opted for vehicle and machine manufacture.
It’s has do nothing about singing the Eu Maastricht
Already got £600 each... waiting another big payout 🤣
10:45 Money is the matter of marriage.
i wouldnt touch a Brit car with a stick, but i am driving a Korean car, build in India..
lol... good luck
Don't complain. A company is a company from the President/CEO/Chairman all the way down to the janitor. If you do a shoddy job, you fail. There is no reason to complain about the governement or Tony Blair or any other public entity. I don't get saved by anybody either.
So, you should have built better cars. The End.
Nonesense