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Here is an interesting idea...Honda buying MG :confused:

Autocar has been told that a Honda delegation from Japan paid a visit to part of the closed Longbridge factory in mid-May. The delegation is said to have been accompanied by senior trade union officials.

Although there is no chance of Honda rescuing the defunct MG Rover operation, it is possible that Honda might have an interest in the MG brand itself. Despite years of trying, Honda has never had great success selling sports cars under its own name. Neither the NSX supercar or the S2000 roadster made a breakthrough in global markets. Indeed, the NSX is said to have been inspired by the aluminium, mid-engined V6 Austin-Rover-built MG EX-E concept of 1986.

The same source revealed that MGR’s paint shop is under orders to remain on standby by ‘keeping the paint fresh’, though there’s no clue so far as to why.

Meanwhile, the German autopress is awash with rumours that MGR’s erstwhile partner, Shanghai Automotive Industry Corporation, is set to move in on Fiat Auto. Despite strong denials from Fiat, reports suggest that SAIC, possibly in tandem with other Chinese car makers, is set to try to take a stake in the Italian company this autumn.

Fiat Auto has to repay a £2bn loan to six banks by this September, or it will be converted into shares, further diluting Fiat’s autonomy. It’s being suggested that Chinese makers could swoop, and offer to inject the £2bn in exchange for a significant stake in Fiat Auto.

http://www.autocar.co.uk/News_Article.asp?NA_ID=215246
 

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Interesting. Those are two brands with absolutely horrendous reputations. I would think that, at least in the States, that MG would pique some interest. I used to own a '66 MGB-GT and a '67 parts car. You needed a parts car if you owned an MG. It took constant love and attention, but at the time, there really wasn't anything like it. I can imagine what a Honda-based MGB would look like, and it looks like fun!
 

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At least Honda would not use Lucas Electrics in the car. Old saying that Lucas Electric was the prince of darkness. Imagine they now make and sell refigerators.
 

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Fiat shouldn't need any money. The "General" to get out of its deal to buy Fiat (large stake in it) had to pay Fiat $5B (yes thats billion) to get out of the deal.

And people wonder why GM is not doing well. With idiots like the ones in charge at GM, does anyone wonder. :(
 

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Unfortunately MG did go to the wall, but a Honda buyout was not that far fetched. In the 80's the nationalised British Leyland company, comprising of Austin, Rover, MG, Jaguar, Triumph and Land Rover had a platform sharing deal with Honda. The Civic based Honda Ballade was badge engineered and sold in the UK as the Triumph Acclaim. Like most BL / Autin-Rover cars of the 80's and 90's, it was truely awful.
In the late 90's, Honda was reported to be very upset at not being preferred bidder for Rover Group which as bought by BMW before being split up and sold to Ford (Land Rover) and the private Phoenix Group who tried to keep MG and Rover going having it bought it for £1.00. BMW kept Mini.

All rather sad - there are only three British motor manufacturers, all niche markets - TVR , Morgan and Noble. But, it's got to said, they make some fantastic cars.
 

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Imagine they now make and sell refigerators.
That's why the British drink their beer at room temperature.
 

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Webwader said:
That's why the British drink their beer at room temperature.
Guess who makes the F.I. units for BMW? Not Bosch. Joe Lucas. Nothing lasts forever. Once there was work to be done and little money to made easily, the MBA's bailed and left it to the Engineers. Now Lucas makes decent products. Sorry, but I rank MBA's with hack lawyers (not all just the ambulance chasers). They produce nothing but insist on taking the glory when thing work out.
 

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MG Rover was purchased by a Chinese company called Nanjing Automotive. They were in a 3-way competition with another Chinese car company called SAIC (Shanghai Automotive) and a UK investor group called the Kinber Group. This is quite a coup for a Chinese carmaker, as it represents the first time one of their automaker has purchased assets outside of China. Look out folks, the Chinese cars are coming. In the US, Malcolm Bricklin, of Subaru, Yugo, & Bricklin cars fame, has started a new company called visionary vehicles to import Chinese 'Chery' vehicles ( www.visionaryvehicles.com ). Some doubt if he'll pull it off, but he is ambitious.

Cheers,
Jeffro
 
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