Goodbye Lola cars

[TrevS]

Sad news today that Lola cars plans to go into administration. Full story here:

Lola Cars to enter administration | www.autocar.co.uk

[The Baron]

Shame... but it's not over yet hopefully. It is a prestige brand with some unique skills after all.

Mr Birrane? What say you?

[Mark]

Should have stuck to what they do best perhaps??? Instead of getting sucked into the typical high borrowing diversification BS that has ruined most businesses of late.

[The Baron]

Ah, but Mr Birrane is a product of the 'Celtic Tiger' and my bet is that this demise is closely linked to top heavy gearing via the Irish Banks.

[Jon]

It will be back.

[The Baron]

If you were a betting man, you might place money on MB buying it from admin..