Motorcorp group general manager James Yates says Motorcorp only found out Publicis was going under when another agency approached him looking to take over the account.
The first liquidation report reveals the sum owed to creditors.
"They have run a lot of good campaigns over the years. Very sad to see them go under."
Publicis Mojo's new television ad is reminiscent of a bad spell on Class A narcotics.
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