£500m deal talks fuels MG hope
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.
News|Jun 29, 2007
News
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.