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Haulier tries to save Rover's car business
Page 18
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haulier who cut his teeth at Rover plans to save :he car maker from oblivion. David Harris reports.
k SOLIHULL operator who has aunchecl a £222m bid to buy Roves Longbridge plant insists that he company is still viable as a car nanufacturer.
Martyn Moseley, MD of Olton nternational Freight, plans to inance the deal with backing from Faiwanese airline and shipping ycoon Chang-Siao Chung.
Moseley, who worked as an ipprentice at Rover, says he has nil in the bid for "social and moral easons": -The closure is simply iot something that should be Wowed to happen and not some thing that needs to happen. I've been in business since I was 22. You give me Longbridge and a few quid and I guarantee I'll get the place going."
He has a team of motor manufacturing experts from north America standing by to help make Longbridge work again and estimates he would need 75% of the staff recently laid off.
Moseley, whose Olton haulage company runs 35 trucks, owns several other companies including a French cash & carry.
He says that his first move would be to sell existing stock before resuming manufacturing.
His Taiwanese backer is purely financial after the money is paid back he would become the sole stockholder.
However, his first challenge appears to be convincing administrator Price Waterhouse Coopers (PWC) that his bid is serious. Moseley was due to meet politicians and officials from the Department ofTrade and Industry this week.
PWC says it is unable to comment on any bids.