China's SAIC cool on early Rover deal talk-report

Newswire

LONDON, Nov 24 (Reuters) - Chinese carmaker Shanghai Automotive Industry Corp. (SAIC) has played down reports that it is about to sign a deal for a joint venture with Britain's MG Rover, the Times newspaper reported on Wednesday. Citing an unnamed senior management source, the newspaper said SAIC found British media reports over the weekend of an imminent 1 billion pounds ($1.86 billion) venture "embarrassing." "The programme of the deal is still under discussion and we still have to ...

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