Nanjing set to buy MG Rover
The future of collapsed carmaker MG Rover looked set to be settled tonight with the sale of the company, raising hopes of a limited return of production to the huge Longbridge plant.
Rumours swept the motor industry that administrators were about to agree a sale to Chinese firm Nanjing.
The deal would dash hopes that another Chinese company, the Shanghai Automotive Industry Corporation, would buy MG Rover and create thousands of new jobs in this country.
Unions had backed SAIC as the best chance of creating jobs at the Longbridge plant, which has been mothballed since the MG Rover went into administration in April.
UK businessman David James this week put in two bids to buy parts of Rover. There was no official confirmation of any sale.
