Fleet News

Eight MG Rover sales subsidiaries in administration

Eight European MG Rover sales subsidiaries have gone into administration.

Accountant PricewaterhouseCoopers made the announcement this morning concerning the sales centres in Germany, Spain, the Netherlands, Belgium, Italy, Portugal, France and Ireland.

Tony Lomas, Steven Pearson and Rob Hunt, partners in PricewaterhouseCoopers, have been appointed joint administrators to the subsidiaries of MG Rover Group Limited, which collapsed on April 8.

The eight act as sales centres between MG Rover UK and dealers within each European region, providing a link between the manufacturing side of its business and its distribution channels in Europe by co-ordinating branding, sales, marketing, logistics and transportation support.

The eight are MG Rover Deutschland GMBH, MG Rover Nederland B.V., MG. Rover Belux S.A./N.V., MG Rover España S.A., MG Rover Italia SPA, MG Rover Portugal-Veículos e Peças LDA, Rover France SAS, Rover Ireland Limited.

The administrators plan to continue to trade the businesses as usual while they look at options, particularly concerning the businesses’ unsold European specification vehicles.

Lomas said: “Our appointments as administrators to all of the national sales companies across Europe should enable us to handle local customer and dealer issues in a more constructive manner. Additionally, it will ensure the supply of left hand drive vehicles to the market is carried out in a controlled way for the benefit of all concerned.”

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee