MG Rover: No fraud probe
The Serious Fraud Office dropped its inquiry today into the collapse of car maker MG Rover.
The Serious Fraud Office dropped its inquiry today into the collapse of car maker MG Rover.
In an age where every other firm seems to turn to China to reduce their manufacturing costs, there's almost a 'coals to Newcastle' feel about the way Nanjing has revived MG production at Longbridge. Motoring editor Peter Carroll takes the revived TF for an extended test and finds the LE500 remains fun to drive - in an 'old school' way.
Up to 300 jobs are to be created in the Black Country when production of a sports car moves to the region next year, it has emerged today.
Fans of the MG were flocking to a Black Country Rover dealer today as it became the first garage in the western world to take delivery of the new model.
The first MG produced at Longbridge in more than three years was unveiled to the world today – as the company revealed it is already working on a replacement model. Watch Peter Carroll's video here.
It is a sight not seen at Longbridge for more than three years – the rolling production track carrying a line of MG sports cars under construction.
Production work started at Longbridge today, signalling the return of the UK's favourite sports car.
More than 1,000 companies that are still owed money from the £1.3 billion collapse of MG Rover three years ago are to finally get some cash back.
The launch date for the first Chinese MGs made at Longbridge has been put back to next year following a series of production problems.The launch date for the first Chinese MGs made at Longbridge has been put back to next year following a series of production problems. Nanjing Automobile originally wanted its first batch of MG TF sports cars to be in showrooms this autumn. But the firm now says cars will not be available until February next year, with first deliveries expected to customers in March. Read the full story in the Express & Star
The two Chinese car companies that each own a chunk of the collapsed MG Rover are in talks that could lead to a £500 million takeover deal.
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.