At the time many financial commentators claimed that the plant was not modern enough and that the company would surely run out of money within a few years. In April 2005, this happened; the Phoenix Consortium put the MG Rover group into administration, leaving more than 6,000 workers without jobs. Another factor in MG Rover's meltdown was the fact that it had not launched an all-new model since the Rover 75 more than six years earlier. In contrast, the likes of Ford and Vauxhall, and indeed most other Western European mass market carmakers, had replaced most if not all of their model ranges since the late 1990s.