Last British volume car manufacturer closes down
Friday, April 15, 2005 The last British-owned volume car manufacturer, MG Rover, has closed down, with the loss of 5,000 jobs. International accounting firm PriceWaterhouseCooper was brought in last week to put the company into administration. Today PwC announced that MG Rover’s only hope, the Chinese car company SAIC, had no interest in buying the ailing firm. With no further source of revenue, PwC has closed the company’s factory in Longbridge, Birmingham and has laid…