CORRECTED - Chinese car deal raises hopes for MG revival

Newswire

(In Dec 27 story, corrects 11th paragraph to make clear VW owns Bentley and BMW owns Rolls-Royce cars) By Fang Yan SHANGHAI, Dec 27 (Reuters) - A deal struck this week puts a venerable British motoring brand in the hands of China's top car maker, raising hopes that Shanghai Automotive Co might do for MG what Germany's BMW did for the Mini. Shanghai Auto on Wednesday agreed a $286 million dollar deal to acquire the vehicle and core auto parts operations of Nanjing Auto, an eastern China ...

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