Rover bosses took £40 million !

[Lithium]

So some people made some money out of a car company??? Who wouldn't?

[TinTrump]

The crazy thing about this situation is that the other party interested in buying Rover was a venture capitalist group. They were quite upfront that there would be a drive for profits and there would be downsizing and refocusing Rover to a more niche market.

Dead right. They made it clear that things had to change; I think they planned a lower volume, sports car product. Stephen Byers then trumpeted the government's role in bringing the Phoenix 4 into negotiations. Typical career politician without a clue about manufacturing; used to be a law lecturer at a poly apparently.

[eliquant]

Yep have to agree with sasguru there, I am not entirely happy about it. The government should have waded in and helped with a rescue package, instead the fatcats were allowed to plunder the last capital that may have helped salvage the situation.

Well done regulators and well done New Liebour, for all your administration and civil servants you fail to avert failure / disaster.