Chinese MG firm seeks £200m
Nanjing Auto, the Chinese car firm that bought MG Rover, is asking its Government for a loan of up to £200 million after reports that its banks are losing confidence.
Business|Mar 23, 2007
Business
Nanjing Auto, the Chinese car firm that bought MG Rover, is asking its Government for a loan of up to £200 million after reports that its banks are losing confidence.
Shrewsbury-based car firm Stadco has signed a deal with the Chinese owners of MG Rover. The car parts maker, with its base in Harlescott, will supply components to build the new MGTF sports cars.