Nanjing wins MG Rover bid
Monday, 25 July 2005
Chinese automaker Nanjing Automobile last week beat off the challenges from rival manufacturer Shanghai Automotive and UK bidders Kimber to become the new owners of MG Rover for just over £50m.

PricewaterhouseCoopers, which took over administration of Rover when the automaker filed for bankruptcy in April, said Nanjing had bought the assets of both MG Rover and its engine-producing subsidiary, Powertrain Nanjing intended to relocate the engine plant and some car production plant to China but to has plans for the creation of a UK based design and technology centre. Questions still remain about how much production Nanjing would retain in Britain and how many jobs would be involved.
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