Thursday, April 21, 2005

Business News

"Plans to produce the Rover 25 and 75 models in China would not indicate that such a deal is in the offing as SAIC already owns the intellectual property rights for these models following a deal with MG Rover last year." Rover seems proper shagged - they already sold the Mini and Land Rover years ago (although Land Rover isn't making profit for Ford), and now they've sold the 25 and 75 (well a year ago) to SAIC, the 75 being one of the better current cars, the 45 was based on the Honda Accord from like 1996 or earlier, and the City Rover, which is really just a Tata something from India. So what's that leave them with? the MGF, the expensive MGX (which is about £70k when it should be around £30k like the Audi TT, Porsche Boxter etc) and some concept ideas (such as a new MGF, a 75 coupe, and a new Rover 45, which actually looked quite good).

Ebay are getting richer. 28% rise in profits. Sales over $1bn. They says it's thanks to Paypal. Grrr. Ebay fees and Paypal fees are too high if you ask me and Tony. Link.

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