As I understand £100 million would only see the company in business for another two weeks. This wasn't enough for the chineese. Also the chineese can still get Rover, they can get their designs without the hassle of having to run longbridge.

A BBC news spokes person has said that John Towers have said the company has been put into admistration, earlier a Rover spokmen was saying they government have no legal right to do this.

I am not sure what is going on. Either way am very saddened that this is the end for British Leyland.

I also didn't know that the government put billions into BL in the late 70's.