Claims that Nanjing Auto is asset stripping Rover:

Fears that MG Rover is being "asset stripped" intensified last night
after disclosure that new owners Nanjing Automobile are trying to
recruit former Rover workers to help reassemble plant and equipment in
China.

Fears?

Leave aside how this mess came about. Concentrate on the situation as it is now, Rover bust, workers laid off. In bankruptcy in fact. Asset stripping is actually what we want to happen now. It’s the very point of having a bankruptcy system. However we got to here is all sunk costs. What we do have now is some assets and it’s to all of our benefit that they move to those who value them highest as soon as possible. If someone in the UK valued that production line more than Nanjing did then they would have bought it. Did they? No.  Nanjing did buy it and we should want them to get on with whatever they want to do with it sharpish.

For, said production line represents years (if not generations) of accumulated capital and having it sitting in the West Midlands earns nothing while having it working in China might earn something (yes, there are the usual problems about how that something is distributed but something added to gross production is better than nothing).

As I say, fears of asset stripping? Why fears?  It’s the very thing bankruptcy procedures are designed to encourage, the re-employment and reuse of assets from those who don’t or cannot use them to those who can. In fact, it’s the whole damn point.