Car manufacturers and the iPhone generation

537 More

Earning the right to be successful

522 More

Knowledge is power

598 More

Selling cars – it’s all about timing

836 More

Truemag

  • Home
  • About
  • Advertise
  • Archives
  • Contact
  • Subscribe

Serious Fraud Office to investigate MG Rover collapse

Lord Mandelson will tell Parliament today that he has asked the Serious Fraud Office (SFO) to investigate the collapse of MG Rover, the Midlands carmaker, four years ago.

The Business Secretary is expected to confirm that the long inquiry into the group’s failure, which cost an estimated 15,000 jobs, has concluded that there are grounds for a criminal investigation.

A spokeswoman for the minister refused to comment last night on the inquiry’s conclusions, but said: “We are intending to make a statement to Parliament tomorrow, which will update MPs on the MG Rover inquiry.”

The inquiry report, which cost £15.9 million, was delivered to the Business Secretary almost a month ago, but the decision to call in the SFO is expected to delay publication indefinitely to avoid prejudicing its investigation.

Source: The Times

Jul 6, 2009MTI
  • SFO will not investigate MG Rover collapse
  • SFO to decide on MG Rover investigation
  • Jaguar Land Rover report massive loss for 2008
  • Government finally gets £16m MG Rover inquiry report
  • Probe into Rover has cost £15m (and counting)
  • Jaguar – Land Rover aid talks “near collapse”
  • Aston Martin Cygnet - the backlash beginsJune 2009 new car sales figures
    You Might Also Like
     
    French new car registrations up 12 percent in May
     
    Ford share price takes a hit
    MTI
    11 years ago Manufacturers, News36
    Most viewed
    Top 100 UK Dealer Groups
    38,251 views
    The car sales process and the “9 point plan”
    10,568 views
    webuyanycar review – They will buy any car but beware of the asterisk
    5,330 views
    Most commented
    Car sales and the power of silence…
    25 Comments
    Car dealers still not prepared to play the “we buy any car” game
    23 Comments
    A Traders Tale – Part Four
    22 Comments
    Win a pre-loaded Ipod Shuffle!
    19 Comments
    Bargain of the Week – StreetKa 1.6i Luxury
    14 Comments
    Bridal Hair Berkshire
    Fox Body to 2018 Mustang Parts
    and Accessories
    About MTI

    Motor Trade Insider
    is written by people working actively in the motor trade for people on the inside and people on the outside.

    Our aims
    Build a bridge between consumers and the trade, create Interesting and informative content, break down barriers and create better understanding, expose bad practices and rip-offs and promote outstanding products and service.
    Have something to say?
    We are always looking for experienced writers who can write good original quality posts on motor-trade-insider.com. Please contact us if you would like us to consider you. Make sure you give us details of your own blog or a link to some articles you have written.
    2017 © Motor Trade Insider
    Truemag theme by StrictThemes