Nanjing Automobile moves ahead with MG Rover plans

Newswire

LONDON, July 25 (Reuters) - Executives from Chinese carmaker Nanjing Automobile were in central England on Monday to begin the search for a management team and a new car production site after winning a bid to buy Britain's MG Rover. Administrators of bankrupt MG Rover chose Nanjing over rival Chinese carmaker Shanghai Automotive Corp. (SAIC) late on Friday to buy the assets of MG Rover and partly resume production of the iconic brand in the UK. SAIC said on Monday it was still ...

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