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Post by racingteatray on Sept 7, 2017 21:33:13 GMT
Sorry that's kind of a clickbait title but as a curious factoid, I discovered today that the company formerly founded in 1975 as British Leyland Limited actually still exists.
We were having to do some research comparisons on the automakers' captive finance arms and in the process I discovered that the parent company of BMW Financial Services GB (who are your lender if like me you have a PCP with BMW) is one BMW (UK) Holdings Limited, which is in fact the company formerly known variously as Rover Group plc and British Leyland...
It's not dead.....it'll be back post-Brexit to flog us tweedily-upholstered reskins of small BMWs knocked together near Oxford to get around tariffs on foreign cars...
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Post by PG on Sept 8, 2017 12:30:23 GMT
So which company did the Phoenix 4 Bastards buy then?
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Post by racingteatray on Sept 8, 2017 12:48:40 GMT
So which company did the Phoenix 4 Bastards buy then? I expect they set up a newco acquisition vehicle and bought the "going concern" (ie the operating subsidiaries and assets) from Rover Group plc, which was presumably anyway the holding company. That's the usual VC/PE way.
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Post by ChrisM on Sept 8, 2017 13:20:21 GMT
If you do a "google", it appears that they bought MG Rover Cars and a load of other companies
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Post by Bob Sacamano v2.0 on Sept 11, 2017 7:44:37 GMT
Frazer Nash also lives on as an engineering consultancy.
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Post by grampa on Sept 25, 2017 8:58:37 GMT
Looking forward to the relaunch of the much maligned Allegro, Marina and Princess (I actually rather liked the Princess and the Allegro was nowhere near as bad as its reputation).
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Deleted
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Post by Deleted on Sept 25, 2017 10:36:26 GMT
Dad had a Dog Turd brown Allegro estate. He was beating the ladies off with a shitty stick, as you can imagine...
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