MG Sport & Racing, the specialist cars division of MG Rover and separately owned by the Phoenix Four until it went into administration last May, appears to have been trading healthily since its parent’s collapse. A report seen recently by Autocar suggests that since Phoenix lost control, the company has sold cars — mostly MG SVs — and components worth £520,000. And despite the fact that the administrators appear to have met unpaid bills worth around £650,000 since May, the division has apparently ended its troubled year with modest earnings of £118,000. [Via Jalopnik]
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