MG Rover talks continue, decision seen near-source

Newswire

LONDON, July 22 (Reuters) - Administrators of carmaker MG Rover are in talks with a bidder to take over the business and a decision could be imminent, a source close to the matter said on Friday. "Talks are continuing which could lead to an announcement," the source told Reuters. China's Shanghai Automotive Corp. (SAIC) and Martin Leach, Ford Europe's former boss, have launched a joint bid which they said would revive production at MG Rover's plant in central England. Chinese rival ...

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