MG Rover on brink of Chinese merger

MG Rover, Britain’s last big car maker, is on the brink of a merger with the Chinese, the company confirmed today.

MG Rover on brink of Chinese merger
Sat, 20 Nov, 2004 - 09:11

MG Rover, Britain’s last big car maker, is on the brink of a merger with the Chinese, the company confirmed today.

One report said the Shanghai Automotive Industry Corporation will effectively take the business over, getting 70% in exchange for pumping in more than £1bn (€1.42bn).

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