Rover may look to the east for survival
Firms in the Middle East, India and Russia have expressed an interest in buying parts of the stricken car company MG Rover, it was learned today.
Administrators called in to run the Longbridge-based car maker earlier this month were today evaluating the potential bids.
Joint administrator Tony Lomas said: “Interest has been expressed by potential buyers from south east Asia, the Middle East, India, Russia and China as well as from the UK.
“We have had over 200 expressions of interest and we will be looking at all of these.”
Two Iranian car firms were reportedly among those expressing an interest. Iran Khodro and SAIPA were said to be planning to hold discussions about buying the rights and assets of MG Rover.
Iran Khodro is the biggest car maker in the Middle East and also makes Peugeots under licence while SAIPA is the second largest car maker in Iran.
There have been rumours for the past few days that Iranian firms were interested in buying parts of MG Rover but there has been no official confirmation from the Iranian Embassy.
