Chief executive Kevin Howe said: 'Our 2000 performance was better than the business plan and represents a major step towards our target of overall business profitability. During the year we have made progress in many areas. We reduced by more than half the operating loss of the business, consolidated our position on the Longbridge site, entered new overseas markets and introduced five new models.'
Turnover for the period was £961 million, while sales reached 111,800 - 900 units ahead of its target. A decision is expected within weeks on plans for a medium car platform to replace the Rover 25 and Rover 45, and whether the company will use a partner to develop the platform or adapt its Rover 75 platform.
First Drive of MG Rover's new Z-cars in Roadtests