Fleet News

Nanjing in talks to sell MG Rover brand

NANJING Automotive is in talks with British businessman David James over the sale of its MG Rover brand.

James wants to use the MG Rover name for a two-seater car based on DaimlerChrysler’s discontinued Smart brand, said The Times.

A separate report in the Financial Times said Nanjing and James were in talks over a joint venture that could lead to the end of production of MG Rover cars at Longbridge and move it to a smaller site in Coventry.

MG Rover collapsed under debts of £1.4 billion ($2.43 billion) in April 2005, leading to 5,000 job losses at its main plant.

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