Rover and Ford at War Over Freelander Money

Summary


A row looked set to break out last night between MG Rover parent company Phoenix Venture Holdings and Ford.

The dispute centres on pounds 23 million taken out of a special bank account set up to underwrite production of an engine for the Land Rover Freelander.

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Extract


Rover and Ford at War Over Freelander Money

Ford withdrew the money from a collateral account when Longbridge engine producer Powertrain went into administration along with MG Rover last April.

It was intend...

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