Virgin billionaire suggests hybrids to save MG Rover
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Sir Richard Branson, successful British entrepreneur, better known as the founder of the Virgin brand, has made a suggestion to the next British chancellor to both save MG Rover, the largest independent manufacturer of cars in England until it collapsed this spring, and help with rapidly rising oil demand. He wants the British government to give subsidies to the fallen car-maker so that it can be the first European producer of hybrid cars.
Sir Richard Branson, successful British entrepreneur, better known as the founder of the Virgin brand, has made a suggestion to the next British chancellor to both save MG Rover, the largest independent manufacturer of cars in England until it collapsed this spring, and help with rapidly rising oil demand. He wants the British government to give subsidies to the fallen car-maker so that it can be the first European producer of hybrid cars.
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Licensed archive reporting by Wikinews contributors. Text: Public domain (https://en.wikinews.org/wiki/Wikinews:Copyright). Original source date retained. 411 has not independently verified this archive report.
Read the source: Wikinews ↗Source published 18 Apr 2005, 05:30 am IST
