Government finally gets £16m MG Rover inquiry report
The official report into the collapse of MG Rover four years ago has been delivered to the Government.
The inquiry was established soon after the collapse of Britain’s last independently-owned major car company in 2005 amid widespread outrage over the way the company’s owner, dubbed the ‘Phoenix Four’, had netted tens of millions of pounds for themselves.
Officials and ministers at the Department for Business are now deciding when to publish the report. No formal date has yet been set. The total cost of the inquiry was £15.9 million.
The ‘Phoenix Four’, businessmen John Towers, Peter Beale, John Edwards and Nick Stephenson were vilified for their role in the collapse of MG Rover, which was owned by a company called Phoenix Venture Holdings, with the loss of 6,000 jobs.
Source: Daily Telegraph
Buying A New Car? The Motor Trade Insider Guide To Buying New Cars >>>Click Here<<<
Blogging and Social Media Services for the Automotive Industry
- The Government is planning to bring civil proceedings to disqualify the four directors of collapsed car company MG Rover from [...]...
- The Serious Fraud Office (SFO) has said it does not intend to launch a criminal investigation into the collapse of [...]...
- The Serious Fraud Office (SFO) will confirm later whether it intends to launch a criminal investigation into the collapse of [...]...
- Jaguar Land Rover reported a loss for 2008 in the U.K. but will receive a guarantee for a bridge loan [...]...
- Lord Mandelson will tell Parliament today that he has asked the Serious Fraud Office (SFO) to investigate the collapse of [...]...
- The chairman of Jaguar Land Rover owner Tata Motors told Sky News in an interview on Tuesday that the company [...]...
![[Valid RSS]](http://www.motor-trade-insider.com/images/valid-rss.png "Validate my RSS feed")
