Fleet News

Chinese are close to MG Rover decision

A FUTURE for MG Rover could soon be confirmed as the Chinese carmakers scrapping over its remnants approach a deal.

Senior motor industry sources, quoted in The Times, say Nanjing Automotive and Shanghai Automotive Industry Corporation (SAIC) have agreed an arrangement that will see Nanjing build Rover engines and small cars while SAIC makes the larger Rover 75.

Both firms have been at loggerheads since the bidding war for MG Rover earlier this year. Nanjing finally emerged triumphant and paid £50 million for MG Rover’s assets.

However, SAIC already owned much of MG Rover’s intellectual property rights after buying them earlier in the negotiations.

Now a deal is rumoured to be close and experts predict Rovers could soon be made again in China.

Last week Nanjing began shipping equipment from the former MG Rover plant at Longbridge back to its production base in China.

Nanjing is still in negotiation with its British partner, GB Sports Car Company, about the possibility of restarting production of some cars in the UK.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee