China car firm backs away from Rover

Thousands of MG Rover car workers were today facing redundancy after hopes of a proposed deal with a Chinese partner finally collapsed.

China car firm backs away from Rover
Fri, 15 Apr, 2005 - 13:40

Thousands of MG Rover car workers were today facing redundancy after hopes of a proposed deal with a Chinese partner finally collapsed.

The Shanghai Automotive Industry Corporation told the British government that it was not willing to acquire any part of MG Rover as a going concern.

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CourtsBusinessHeathrowPlace: ChinaPlace: Longbridge, BirminghamPerson: Tony WoodleyPerson: General SecretaryOrganisation: RoverOrganisation: MG RoverOrganisation: Shanghai Automotive Industry CorporationOrganisation: British GovernmentOrganisation: Transport and General Workers’ Union
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